New York Laws
Article 75 - Community Mental Health Services and Developmental Disabilities Services Companies
75.15 - Members, Officers, and Directors.

No member or director of a company shall receive any salary or other
compensation for services as such member or director, other than
reimbursement of actual and necessary expenses incurred in the
performance of his duties. No member, officer, or employee of a company
shall acquire any interest, direct or indirect, in any property then or
thereafter included or planned to be included in a project, nor retain
any interest, direct or indirect in any property acquired subsequent to
his appointment or employment which is later included or planned to be
included in a project. If any member, officer, or employee of any
company owns or controls an interest, direct or indirect, in any
property included in a project, which was acquired prior to his
appointment or employment, he shall disclose such interest and the date
of acquisition thereof in writing to the company and such disclosure
shall be entered upon the minutes of the company.

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