N.Y. Gen. Ass'ns Law § 3

Current through 2024 NY Law Chapters 1-59 and 61-117

Section 3 - Contents of articles of association

The articles of association of a joint-stock association may:

1. Provide that the death of a stockholder thereof, or the transfer of his shares of stock therein, shall not work a dissolution of the association;

2. Prescribe the number of its directors, not less than three, to have the sole management of its affairs;

3. Contain any other provision for the management of its affairs not inconsistent with law.

N.Y. Gen. Ass'ns Law § 3