New York Laws
NPC - Not-For-Profit Corporation

108 - When Notice or Lapse of Time Unnecessary; Notices Dispensed With When Delivery Is Prohibited. - (a) Whenever, under this chapter or the certificate of incorporation...

109 - Reservation of Power. - The legislature reserves the right, at pleasure, to alter, amend,...

110 - Effect of Invalidity of Part of Chapter; Severability. - If any provision of this chapter or application thereof to...

111 - References. - Unless otherwise stated, all references in this chapter to articles...

112 - Actions or Special Proceedings by Attorney-General. - (a) The attorney-general may maintain an action or special proceeding:...

114 - Visitation of Supreme Court. - Charitable corporations, whether formed under general or special laws, with...

115 - Power to Solicit Contributions for Charitable Purposes. - (a) No corporation required to obtain approval or provide notice...

Article 2 - Corporate Purposes and Powers

201 - Purposes. - (a) A corporation, as defined in paragraph (a) of §...

202 - General and Special Powers. - (a) Each corporation, subject to any limitations provided in this...

203 - Defense of Ultra Vires. - (a) No act of a corporation and no transfer of...

204 - Limitation on Activities. - Notwithstanding any other provision of this chapter or any other...

205 - Conveyance of Real Property to Members for Dwelling Houses. - A not-for-profit corporation, if its by-laws so provide, and pursuant...

Article 3 - Corporate Name and Service of Process

301 - Corporate Name; General. - (a) Except as otherwise provided in this chapter, the name...

302 - Corporate Name; Exceptions. - (a) Any reference to a corporation in this section except...

303 - Reservation of Name. - (a) A corporate name may be reserved by: (1) Any...

304 - Statutory Designation of Secretary of State as Agent of Domestic Corporations Formed Under Article Four of This Chapter and Authorized Foreign Corporations for Service of Process. - (a) The secretary of state shall be the agent of...

305 - Registered Agent for Service of Process. - (a) Every domestic corporation or authorized foreign corporation may designate...

306 - Service of Process. - (a) Service of process on a registered agent may be...

306-A - Electronic Service of Process. - The secretary shall advise any corporation subject to the laws...

307 - Service of Process on Unauthorized Foreign Corporation. - (a) In any case in which a non-domiciliary would be...

308 - Records and Certificates of Department of State. - The department of state shall keep a record of each...

309 - Personal Jurisdiction and Service of Process on Non-Domiciliary Resident Director, Officer, Key Person or Agent. - resident director, officer, key person or agent. A person, by...

Article 4 - Formation of Corporations

401 - Incorporators. - One or more natural persons at least eighteen years of...

402 - Certificate of Incorporation; Contents. - (a) A certificate, entitled "Certificate of Incorporation of .................... (name...

403 - Certificate of Incorporation; Effect. - Upon the filing of the certificate of incorporation by the...

404 - Approvals, Notices and Consents. - (a) Every certificate of incorporation which includes among its purposes...

405 - Organization Meeting. - (a) After the corporate existence has begun, an organization meeting...

406 - Private Foundation, as Defined in the United States Internal Revenue Code of 1954: Provisions Included in the Certificate of Incorporation. - (a) The following provisions are hereby included in the certificate...

Article 5 - Corporate Finance

501 - Stock and Shares Prohibited; Membership Certificates Authorized. - A corporation shall not have stock or shares or certificates...

502 - Members' Capital Contributions. - (a) The certificate of incorporation may provide that members, upon...

503 - Capital Certificates. - (a) Each capital certificate shall be signed by the chairman...

504 - Subventions. - (a) The certificate of incorporation may provide that the corporation...

505 - Subvention Certificates. - (a) Each subvention certificate shall be signed by the chairman...

506 - Bonds and Security Interests. - (a) No corporation shall issue bonds except for money or...

507 - Fees, Dues and Assessments; Fines and Penalties. - (a) If authorized by its certificate of incorporation or by-laws...

508 - Income From Corporate Activities. - A corporation whose lawful activities involve among other things the...

509 - Purchase, Sale, Mortgage and Lease of Real Property. - (a) No corporation shall purchase real property unless such purchase...

510 - Disposition of All or Substantially All Assets. - (a) A sale, lease, exchange or other disposition of all,...

511 - Petition for Court Approval. - (a) To obtain court approval to sell, lease, exchange or...

511-A - Petition for Attorney General Approval. - (a) In lieu of obtaining court approval under section 511...

513 - Administration of Assets Received for Specific Purposes. - (a) A corporation which is, or would be if formed...

514 - Delegation of Investment Management. - (a) Except as otherwise provided by the applicable gift instrument...

515 - Dividends Prohibited; Certain Distributions of Cash or Property Authorized. - (a) A corporation shall not pay dividends or distribute any...

516 - Distributions to Members Upon Termination of Membership. - (a) Except as provided in this chapter or the certificate...

517 - Liabilities of Members. - (a) The members of a corporation shall not be personally...

519 - Annual Report of Directors. - (a) The board shall present at the annual meeting of...

519-A - Annual Reports for Certain Transactions Required. - (a) A condominium created pursuant to the real property law...

520 - Reports of Corporation. - Each domestic corporation, and each foreign corporation authorized to conduct...

521 - Liability for Failure to Disclose Required Information. - Failure of the corporation to comply in good faith with...

Article 5-A - Prudent Management of Institutional Funds Act

550 - Short Title. - This article may be known and may be cited as...

551 - Definitions. - (a) "Charitable purpose" means the relief of poverty, the advancement...

552 - Standard of Conduct in Managing and Investing an Institutional Fund. - (a) Subject to the intent of a donor expressed in...

553 - Appropriation for Expenditure or Accumulation of Endowment Fund; Rules of Construction. - (a) Subject to the intent of a donor expressed in...

554 - Delegation of Management and Investment Functions. - (a) Subject to any specific limitation set forth in a...

555 - Release or Modification of Restrictions on Management, Investment, or Purpose. - (a) If the donor consents in a record, an institution...

556 - Reviewing Compliance. - Compliance with this article shall be determined in light of...

557 - Application to Existing Institutional Funds. - This article shall apply to institutional funds existing on or...

558 - Relation to Electronic Signatures in Global and National Commerce Act. - This article modifies, limits, and supersedes the Electronic Signatures in...

Article 6 - Members

601 - Members. - (a) A corporation shall have one or more classes of...

602 - By-Laws. - (a) The initial by-laws of a corporation may be adopted...

603 - Meetings of Members. - (b) A meeting of the members shall be held annually...

604 - Special Meeting for Election of Directors. - (a) If, for a period of one month after the...

605 - Notice of Meeting of Members. - (a) Whenever under the provisions of this chapter members are...

606 - Waivers of Notice. - Notice of meeting need not be given to any member...

607 - List or Record of Members at Meetings. - A list or record of members entitled to vote, certified...

608 - Quorum at Meeting of Members. - (a) Members entitled to cast a majority of the total...

609 - Proxies. - (a) Except as otherwise provided in the certificate of incorporation...

610 - Selection of Inspectors at Meetings of Members; Duties. - (a) If the by-laws require inspectors at any meeting of...

611 - Qualification of Voters; Fixing Record Date to Determine Eligibility to Vote; Voting Entitlement. - (a) The by-laws may provide or, in the absence of...

612 - Limitations on Right to Vote. - The certificate of incorporation or the by-laws may provide, either...

613 - Vote of Members. - (a) Except as otherwise required by this chapter or by...

614 - Action by Members Without a Meeting. - (a) Whenever, under this chapter, members are required or permitted...

615 - Greater Requirement as to Quorum and Vote of Members. - (a) The certificate of incorporation or a by-law adopted by...

616 - Voting by Class of Members. - (a) The certificate of incorporation or the by-laws may contain...

617 - Cumulative Voting. - The certificate of incorporation or the by-laws of any corporation...

618 - Power of Supreme Court Respecting Elections. - Upon the petition of any member aggrieved by an election...

619 - Agreements by Members as to Voting. - An agreement between two or more members, if in writing...

620 - Preemptive Rights. - There shall be no preemptive rights in relation to membership...

621 - Books and Records; Right of Inspection; Prima Facie Evidence. - (a) Except as otherwise provided herein, every corporation shall keep,...

622 - Infant Members. - (a) If the certificate of incorporation or the by-laws provide...

623 - Members' Derivative Action Brought in the Right of the Corporation to Procure a Judgment in Its Favor. - (a) An action may be brought in the right of...

624 - Notification to Tenants. - Upon the adoption, amendment or repeal of the by-laws by...

Article 7 - Directors and Officers

701 - Board of Directors. - (a) Except as otherwise provided in the certificate of incorporation,...

702 - Number of Directors. - (a) The number of directors constituting the entire board shall...

703 - Election and Term of Office of Directors; Alternates. - (a) A corporation may provide in its certificate of incorporation...

704 - Classification of Directors. - (a) The certificate of incorporation or a by-law adopted by...

705 - Newly Created Directorships and Vacancies. - (a) Newly created directorships resulting from an increase in the...

706 - Removal of Directors. - (a) Except as limited in paragraph (c), any or all...

707 - Quorum of Directors. - Unless a greater proportion is required by this chapter or...

708 - Action by the Board. - (a) Except as otherwise provided in this chapter, any reference...

709 - Greater Requirement as to Quorum and Vote of Directors. - (a) The certificate of incorporation or a by-law adopted by...

710 - Place and Time of Meetings of the Board. - (a) Meetings of the board, annual, regular or special, may...

711 - Notice of Meetings of the Board. - (a) Unless otherwise provided by the by-laws, regular meetings of...

712 - Executive Committee and Other Committees. - (a) The certificate of incorporation, the by-laws, or the board...

712-A - Audit Oversight. - (a) The board, or a designated audit committee of the...

713 - Officers. - (a) The board may elect or appoint a chair or...

714 - Removal of Officers. - (a) Any officer elected or appointed by the board may...

715 - Related Party Transactions. - (a) No corporation shall enter into any related party transaction...

715-A - Conflict of Interest Policy. - (a) Except as provided in paragraph (d) of this section,...

715-B - Whistleblower Policy. - (a) Except as provided in paragraph (c) of this section,...

716 - Loans to Directors, Officers and Key Persons. - No loans, other than through the purchase of bonds, debentures,...

717 - Duty of Directors, Officers and Key Persons. - (a) Directors, officers and key persons shall discharge the duties...

718 - List of Directors, Officers and Key Persons. - (a) If a member or creditor of a corporation, in...

719 - Liability of Directors in Certain Cases. - (a) Directors of a corporation who vote for or concur...

720 - Actions Against Directors, Officers and Key Persons. - (a) An action may be brought against one or more...

720-A - Liability of Directors, Officers, Trustees and Key Persons. - Except as provided in sections seven hundred nineteen and seven...

721 - Nonexclusivity of Statutory Provisions for Indemnification of Directors and Officers. - directors and officers. The indemnification and advancement of expenses granted...

722 - Authorization for Indemnification of Directors and Officers. - (a) A corporation may indemnify any person, made, or threatened...

723 - Payment of Indemnification Other Than by Court Award. - (a) A person who has been successful, on the merits...

724 - Indemnification of Directors and Officers by a Court. - (a) Notwithstanding the failure of a corporation to provide indemnification,...

725 - Other Provisions Affecting Indemnification of Directors and Officers. - (a) All expenses incurred in defending a civil or criminal...

726 - Insurance for Indemnification of Directors and Officers. - (a) Subject to paragraph (b), a corporation shall have power...

Article 8 - Amendments and Changes

801 - Right to Amend Certificate of Incorporation. - (a) A corporation may amend its certificate of incorporation, from...

802 - Authorization of Amendment or Change, Class Vote. - (a) Amendment or change of the certificate of incorporation shall...

803 - Certificate of Amendment; Contents. - (a) To accomplish any amendment, a certificate of amendment entitled...

803-A - Certificate of Change; Contents. - (a) Any one or more of the changes authorized by...

804 - Approvals, Notices and Effect. - (a) (i) A certificate of amendment shall not be filed...

805 - Restated Certificate of Incorporation. - (a) A corporation, when authorized by the board, may restate...

Article 9 - Merger or Consolidation

901 - Power of Merger or Consolidation. - (a) Two or more domestic corporations may, as provided in...

902 - Plan of Merger or Consolidation. - (a) The board of each corporation proposing to participate in...

903 - Approval of Plan. - (a) The board of each constituent corporation, upon approving such...

904 - Certificate of Merger or Consolidation; Contents. - (a) After approval of the plan of merger or consolidation...

905 - Effect of Merger or Consolidation. - (a) Upon the filing of the certificate of merger and...

906 - Merger or Consolidation of Domestic and Foreign Corporations. - (a) One or more foreign corporations and one or more...

907 - Approval by the Supreme Court or Attorney General. - Where any constituent corporation or the consolidated corporation is, or...

907-A - Application for Approval of the Supreme Court. - (a) Application for an order approving the plan of merger...

907-B - Application for Approval of the Attorney General. - (a) In lieu of obtaining an order approving the plan...

908 - Merger or Consolidation of Business and Not-for-Profit Corporations. - (a) One or more domestic or foreign corporations which is,...

909 - Consent to Filing; Notices. - (a) If the purposes of any constituent or consolidated corporation...

910 - Merger or Consolidation of Corporations Formed Under the Religious Corporations Law and Certain Other Corporations Formed for Religious Purposes. - (a) One or more corporations formed under the religious corporations...

Article 10 - Non-Judicial Dissolution

1001 - Plan of Dissolution and Distribution of Assets. - (a) The board shall adopt a plan for the dissolution...

1002 - Authorization of Plan. - (a) Upon adopting a plan of dissolution and distribution of...

1002-A - Carrying Out the Plan of Dissolution and Distribution of Assets. - (a) Carry out the plan of dissolution and distribution of...

1003 - Certificate of Dissolution; Contents; Approval. - (a) After the plan of dissolution and distribution of assets...

1004 - Certificate of Dissolution; Filing; Effect. - (a) The department of state shall not file a certificate...

1006 - Corporate Action and Survival of Remedies After Dissolution. - (a) After dissolution, a corporation shall not commence any new...

1007 - Notice to Creditors by Corporations Intending to Dissolve; Filing or Barring Claims. - (a) At any time after the plan of dissolution and...

1008 - Jurisdiction of Supreme Court to Supervise Dissolution and Liquidation. - (a) At any time after the filing of a certificate...

1009 - Applicability to Dissolution Under Other Provisions. - The provisions of paragraphs (c), (d) and (e) of section...

1010 - Revocation of Voluntary Dissolution Proceedings. - (a) At any time prior to the filing of a...

1012 - Certificate of Annulment of Dissolution and Reinstatement of Corporate Existence. - (a) Any corporation dissolved under former section 57 of the...

1013 - Dissolution of Certain Firemen's Benevolent Associations. - (a) An incorporated firemen's benevolent association created by act of...

1014 - Dissolution of Domestic Corporations by Proclamation. - (a) On or before the last day of March, June,...

Article 11 - Judicial Dissolution

1101 - Attorney-General's Action for Judicial Dissolution. - (a) The attorney-general may bring an action for the dissolution...

1102 - Judicial Dissolution; Petition by Directors or Members; Petition in Case of Deadlock Among Directors or Members. - (a) A petition for the judicial dissolution of a corporation...

1103 - Contents of Petition for Judicial Dissolution. - A petition for dissolution shall specify the section, and the...

1104 - Order to Show Cause; Issuance; Publication, Service, Filing. - (a) Upon the presentation of such a petition, the court...

1105 - Amending Papers. - At any stage, before final order, the court may grant...

1106 - Referee. - If a referee was not designated in the order to...

1107 - Hearing and Decision. - At the time and place specified in the order to...

1108 - Application for Final Order. - When the hearing is before a referee, a motion for...

1109 - Judgment or Final Order of Dissolution. - (a) In an action or special proceeding under this article...

1110 - Venue. - An action or special proceeding under this article shall be...

1111 - Preservation of Assets; Appointment of Receiver. - At any stage of an action or special proceeding under...

1112 - Certain Sales, Transfers, Security Interests and Judgments Void. - A sale, mortgage, conveyance or other transfer of, or the...

1113 - Injunction. - (a) At any stage of an action or special proceeding...

1114 - Discontinuance of Action or Special Proceeding. - An action or special proceeding for the dissolution of a...

1115 - Applicability of Other Provisions. - (a) Subject to the provisions of this article, the provisions...

Article 12 - Receivership

1201 - Action by Judgment Creditor for Sequestration. - Where final judgment for a sum of money has been...

1202 - Appointment of Receiver of Property of a Domestic or Foreign Corporation. - (a) A receiver of the property of a corporation can...

1203 - Temporary and Permanent Receiver. - (a) At any stage before final judgment or final order...

1204 - Oath and Security. - (b) File with the clerk of such court a bond...

1205 - Designation of Depositories by Court. - All orders appointing a receiver of a corporation shall designate...

1206 - Powers of Permanent Receiver. - (a) A permanent receiver, upon qualifying under section 1204 (Oath...

1207 - Duties of Receiver Upon Appointment. - (a) Upon appointment and qualification, a receiver shall have the...

1208 - Penalty for Concealing Property From Receiver. - Any persons having possession of property belonging to the corporation,...

1209 - Recovery of Assets. - (a) Whenever a receiver, by verified petition to the supreme...

1210 - Order of Payment by Receiver. - (a) Laborers' wages shall be preferred claims and entitled to...

1211 - Final Distribution by Receiver. - (a) If there remains property of the corporation after the...

1212 - Disposition of Moneys Retained; Surplus; Unclaimed Distributions. - (a) When any action pending at the time of final...

1213 - Omission or Default of Receiver. - Upon notice to the attorney-general and upon such notice to...

1214 - Application by Attorney-General for Removal of Receiver and to Close Receivership. - (a) Whenever he or she deems it to be to...

1215 - Resignation by Receiver; Filling Any Vacancy. - (a) A receiver may petition the appointing court for an...

1216 - Final Accounting; Notice; Duty of Attorney-General. - (a) Within one year after qualifying, the receiver shall apply...

1217 - Commissions. - (a) A receiver shall be entitled, in addition to his...

1218 - Special Provisions Relating to Actions or Special Proceedings Against Foreign Corporations. - (a) In any action or special proceeding brought against a...

Article 13 - Foreign Corporations

1301 - Authorization of Foreign Corporations. - (a) A foreign corporation shall not conduct activities in this...

1302 - Application to Existing Authorized Foreign Corporations. - Every foreign corporation which on the effective date of this...

1303 - Violations. - The attorney-general may bring an action to restrain a foreign...

1304 - Application for Authority; Contents. - (a) A foreign corporation may apply for authority to conduct...

1305 - Application for Authority; Effect. - Upon filing by the department of state of the application...

1306 - Powers of Authorized Foreign Corporations. - An authorized foreign corporation shall have such powers as are...

1307 - Tenure of Real Property. - A foreign corporation may acquire and hold real property in...

1308 - Amendments or Changes. - (a) An authorized foreign corporation may amend or change its...

1309 - Certificate of Amendment; Contents, Effect. - (a) To accomplish such amendment a certificate, entitled "Certificate of...

1310 - Certificate of Change; Contents. - (a) In lieu of a certificate of amendment, an authorized...

1311 - Surrender of Authority. - (a) An authorized foreign corporation desiring to surrender its authority...

1312 - Termination of Existence. - When an authorized foreign corporation is dissolved or its authority...

1313 - Actions or Special Proceedings by Unauthorized Foreign Corporations. - (a) A foreign corporation conducting activities in this state without...

1314 - Actions or Special Proceedings by Foreign Corporations. - An action or special proceeding may be maintained by a...

1315 - Actions or Special Proceedings Against Foreign Corporations. - (a) An action or special proceeding against a foreign corporation...

1316 - Record of Members. - (a) Any resident of this state who shall have been...

1317 - Voting Trust Records. - (a) A voting trustee, appointed under a voting trust agreement...

1318 - Liabilities of Directors and Officers of Foreign Corporations. - (a) Except as otherwise provided in this chapter, the directors...

1319 - Liability of Foreign Corporations for Failure to Disclose Required Information. - required information. A foreign corporation conducting activities in this state...

1320 - Applicability of Other Provisions. - (a) In additions to articles 1 (Short title; definitions; application;...

1321 - Exemption From Certain Provisions. - (a) Notwithstanding any other provision of this chapter, a foreign...

Article 14 - Special Not-for-Profit Corporations

1401 - Private and Family Cemetery Corporations. - (a) Private cemetery corporation. Seven or more persons may become...

1402 - Fire Corporations. - (a) Certificate of incorporation; additional contents. In addition to the...

1403 - Corporations for the Prevention of Cruelty. - (a) Prohibition of new corporations in certain counties. (1) A...

1404 - Christian Associations. - (a) Certificate of incorporation; additional contents. In addition to the...

1405 - Soldiers' Monument Corporations. - (a) Property; erection of monuments. A corporation formed for the...

1406 - Medical Societies. - (a) Medical societies heretofore formed. Any medical society now existing...

1407 - Alumni Corporations. - (a) Alumni may be incorporated. The alumni of any college...

1408 - Historical Societies. - (a) Historical societies may hold property. Any incorporated historical society...

1409 - Agricultural and Horticultural Corporations. - (a) Definition. An agricultural or horticultural corporation or society is...

1410 - Boards of Trade and Chambers of Commerce. - (a) Definitions. (1) A board of trade is a corporation...

1411 - Local Development Corporations. - (a) Purposes. This section shall provide an additional and alternate...

1412 - University Faculty Practice Corporations. - (a) Organization. Notwithstanding any other provision of law, one or...

Article 15 - Public Cemetery Corporations

1501 - Declaration of Policy. - The people of this state have a vital interest in...

1502 - Definitions. - (a) The term "cemetery corporation" means any corporation formed under...

1503 - Application. - (a) Except as otherwise provided in paragraph (b) of this...

1504 - Cemetery Board and General Administration. - (a) A cemetery board is hereby created within the division...

1505 - Special Requirements of Incorporation. - (a) Certificate of incorporation; additional contents. In addition to the...

1505-A - Additional Requirements for Incorporation of Crematories. - (a) Approval. A cemetery corporation seeking the approval to operate...

1505-B - Additional Requirements for Incorporation of Natural Organic Reduction Facilities. - (a) Approval. A cemetery corporation seeking the approval to operate...

1506 - Cemetery Lands. - (a) Purchase of land; notice to cemetery board. (1) No...

1506-A - Cemetery Corporations; Restrictions. - (a) No cemetery corporation shall, directly or indirectly: (1) sell,...

1506-B - Transfer of Lands of Valley View Rural Cemetery. - Notwithstanding any other provision of law to the contrary, the...

1506-C - Abandoned Cemetery Maintenance by Cemetery Corporations. - (a) Upon application and approval by the cemetery board, a...

1506-D - Additional Requirements for Merger or Consolidation of Cemetery Corporations in Certain Circumstances. - (1) the plan of merger or consolidation is economically feasible...

1506-E - Lease of Cemetery Lands. - (a) Cemetery board approval. Except as set forth in paragraph...

1507 - Trust Funds. - (a) Maintenance and preservation; permanent maintenance fund; current maintenance fund....

1507-A - State Cemetery Board Citizens Advisory Council. - (a) There is hereby created a state cemetery board citizens...

1508 - Reports by Cemeteries. - (a) Annual report. Each cemetery corporation shall, on or before...

1509 - Cemetery Rules and Regulations; Charges and Lot Tax Assessments. - (a) Rules and regulations. The directors of a cemetery corporation...

1510 - Cemetery Duties. - (a) Posting and distribution of rules, regulations, charges and prices....

1510-A - Repair or Removal of Monuments. - (a) Cemetery corporations may repair or remove any monuments or...

1510-B - Availability for Interment on Six-Day Basis. - Every cemetery corporation shall be available for interments at least...

1510-C - Form of Authorizations. - Any form, authorization, permit or designation required by this article...

1511 - Cemetery Indebtedness. - (a) Certificates of indebtedness. (1) If a cemetery corporation be...

1512 - Rights of Lot Owners. - (a) Lots; indivisible and inalienable. All lots, plots or parts...

1513 - Sale of Burial Rights. - (a) Conveyance of lots. (1) Except as otherwise provided in...

1513-A - Reacquisition of a Lot, Plot or Part Thereof by a Cemetery Corporation. - (a)(i) If the records of the corporation demonstrate that the...

1514 - Misdemeanor; General Penalty. - Wherever under the provisions of this article a person violating...

1515 - Actions Affecting Cemetery Corporations. - In any action or proceeding affecting or instituted by any...

1516 - Sale of Monuments. - (a) No cemetery corporation shall engage in the sale of...

1517 - Crematory Operations. - (a) Maintenance and privacy. (1) A crematory facility shall be...

1518 - Crematory Operations During Emergency Declaration. - Notwithstanding any other provision of law, for the duration of...

1518*2 - Natural Organic Reduction Facility Operations. - (a) Maintenance and privacy. (1) A natural organic reduction facility...

Article 16 - Land Banks

1600 - Short Title. - This article shall be known and may be cited as...

1601 - Legislative Intent. - The legislature finds and declares that New York's communities are...

1602 - Definitions. - (a) "board of directors" or "board" shall mean the board...

1603 - Creation and Existence. - (a) Any foreclosing governmental unit may create a land bank...

1604 - Applicability of New York Law. - This article shall apply only to land banks created pursuant...

1605 - Board of Directors. - (a) (1) The initial size of the board shall be...

1606 - Staff. - A land bank may employ a secretary, an executive director,...

1607 - Powers. - (a) A land bank shall constitute a charitable not-for-profit corporation...

1608 - Acquisition of Property. - (a) The real property of a land bank and its...

1609 - Disposition of Property. - (a) The land bank shall hold in its own name,...

1610 - Financing of Land Bank Operations. - (a) A land bank may receive funding through grants and...

1611 - Borrowing and Issuance of Bonds. - (a) A land bank shall have power to issue bonds...

1612 - Public Records and Public Meetings. - (a) The board shall cause minutes and a record to...

1613 - Dissolution of Land Bank. - A land bank may be dissolved as a charitable not-for-profit...

1614 - Conflicts of Interest. - No member of the board or employee of a land...

1615 - Construction, Intent and Scope. - The provisions of this article shall be construed liberally to...

1616 - Delinquent Property Tax Enforcement. - (a) The consideration to be paid may be more or...

1617 - Contracts. - (a) The land bank may, in its discretion, assign contracts...

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New York Laws NPC - Not-For-Profit Corporation

New York Laws
NPC - Not-For-Profit Corporation