New York Laws
REL - Rural Electric Cooperative

Article 1 - Short Title; Definitions

1 - Short Title. - § 1. Short title. This chapter shall be known as...

2 - Definitions. - (a) "Cooperative" means any corporation organized under this chapter or...

Article 2 - Purpose; Organization and Management; Powers

10 - Purpose. - § 10. Purpose. Cooperative, non-profit, membership corporations may be organized...

11 - Incorporators. - § 11. Incorporators. Five or more natural persons, or two...

12 - Name. - § 12. Name. The name of a cooperative shall include...

13 - Articles of Incorporation. - § 13. Articles of incorporation. Articles of incorporation of a...

14 - Powers. - (a) To sue and be sued in its corporate name;...

15 - By-Laws. - § 15. By-laws. The board of directors shall adopt the...

16 - Members. - § 16. Members. Each incorporator of a cooperative shall be...

17 - Meetings of Members. - (b) Special meetings of the members may be called by...

18 - Waiver of Notice. - § 18. Waiver of notice. Any person entitled to notice...

19 - Board of Directors. - (b) The directors of a cooperative named in any articles...

19-A - Conflict of Interest Policy. - (b) The conflict of interest policy shall include, at a...

19-B - Whistleblower Policy. - (b) The whistleblower policy shall include the following provisions: (1)...

20 - Districts. - § 20. Districts. The by-laws may provide for the division...

21 - Officers. - § 21. Officers. The officers of a cooperative shall consist...

22 - Liability of Directors in Certain Cases. - (1) the distribution of the cooperative's cash or property to...

23 - Action Against Directors and Officers for Misconduct. - (1) To compel the defendant to account for his or...

24 - Nonexclusivity of Statutory Provisions for Indemnification of Directors and Officers. - § 24. Nonexclusivity of statutory provisions for indemnification of directors...

25 - Authorization for Indemnification of Directors and Officers. - (b) The termination of any such civil or criminal action...

26 - Payment of Indemnification Other Than by Court Award. - (b) Except as provided in subdivision (a) of this section,...

27 - Indemnification of Directors and Officers by a Court. - (1) in the civil action or proceeding in which the...

28 - Other Provisions Affecting Indemnification of Directors and Officers. - (b) No indemnification, advancement or allowance shall be made under...

29 - Insurance for Indemnification of Directors and Officers. - (1) to indemnify the cooperative for any obligation which it...

Article 3 - Amendment; Consolidation; Merger; and Dissolution

30 - Amendment of Articles of Incorporation. - § 30. Amendment of articles of incorporation. A cooperative may...

31 - Change of Location of Principal Office. - § 31. Change of location of principal office. A cooperative...

32 - Consolidation. - (a) The proposition for the consolidation of the consolidating cooperatives...

33 - Merger. - (a) The proposition for the merger of the merging cooperatives...

34 - Effect of Consolidation or Merger. - (b) All the rights, privileges, immunities and franchises and all...

35 - Dissolution. - (b) A cooperative which has commenced business may be dissolved...

Article 4 - Conversion of Domestic Corporations; Authorization to Foreign Corporations

40 - Conversion of Existing Domestic Corporations. - (a) The proposition for the conversion of such corporation into...

41 - Foreign Corporations. - § 41. Foreign corporations. Any foreign non-profit or cooperative corporation...

Article 5 - Filing and Fees

50 - Filing of Articles. - § 50. Filing of articles. Articles of incorporation, amendment, consolidation,...

51 - Fees. - (a) Filing articles of incorporation, forty dollars; (b) Filing articles...

Article 6 - General Provisions Governing Property and Affairs

60 - Patronage Capital Contributions, Allocations, and Retirements. - (b) Patronage capital shall be determined by a cooperative on...

61 - Disposition of Property. - (b) A cooperative may not otherwise sell, mortgage, lease or...

62 - Non-Liability of Members for Debts of Cooperative. - § 62. Non-liability of members for debts of cooperative. No...

63 - Recordation of Mortgages; Effect Thereof. - § 63. Recordation of mortgages; effect thereof. In case of...

64 - Construction Standards. - § 64. Construction standards. Construction of electric lines by a...

65 - Directors, Officers or Members as Notaries. - § 65. Directors, officers or members as notaries. No person...

66 - License Fee in Lieu of All Franchise, Excise, Income, Corporation and Sales and Compensating Use Taxes. - § 66. License fee in lieu of all franchise, excise,...

67 - Exemption From Jurisdiction of Public Service Commission and From the Provisions of the Public Service Law. - (a) The number of its members; (b) The amount of...

68 - Exemption of Securities. - § 68. Exemption of securities. The provisions of article twenty-three-a...

Article 7 - Construction; Separability; Effective Date

70 - Construction. - § 70. Construction. This chapter shall be construed liberally. The...

71 - Separability. - § 71. Separability. If any provision of this chapter or...

72 - Effective Date. - § 72. Effective date. This chapter shall take effect immediately.