(b) The number of directors constituting the entire board shall be not
less than five nor more than thirteen in the case of a safe deposit
company, and not less than five in the case of an investment company.
2. If the organization certificate does not specify the number of
directors, the by-laws may prescribe the manner in which the number is
to be determined and the manner in which the number may be changed
within the maximum and minimum limitations prescribed in the
organization certificate or an amendment thereof.
3. As used in this article, the term "entire board" means the total
number of directors which a corporation would have if there were no
vacancies.
Structure New York Laws
Title 7 - Directors and Officers
7001 - Board of Directors; Qualifications and Disqualifications.
7002 - Number of Directors; Definition of "Entire Board".
7003 - Election and Tenure of Directors.
7004 - Classification of Directors.
7005 - Vacancies and Newly Created Directorships.
7009 - Greater Requirement as to Quorum and Vote of Directors.
7010 - Place and Time of Meetings of the Board.
7011 - Notice of Board Meetings; Waiver; Adjournment.
7012 - Executive Committee and Other Committees.
7015 - Duty of Directors and Officers; Oath of Directors.
7016 - Liability of Directors in Certain Cases.
7017 - Actions Against Directors and Officers for Misconduct.
7018 - Nonexclusivity of Statutory Provisions for Indemnification of Directors and Officers.
7019 - Authorization for Indemnification of Directors and Officers.
7020 - Payment of Indemnification Other Than by Court Award.
7021 - Indemnification of Directors and Officers by a Court.
7022 - Other Provisions Affecting Indemnification of Directors and Officers.
7023 - Insurance for Idemnification of Directors and Officers.