68 – Exemption of Securities.
§ 68. Exemption of securities. The provisions of article twenty-three-a of the general business law shall not apply to any note, bond or other evidence of indebtedness issued by any cooperative or foreign corporation doing business in this state pursuant to this chapter to United States of America or any agency or instrumentality thereof, or […]
70 – Construction.
§ 70. Construction. This chapter shall be construed liberally. The enumeration of any object, purpose, power, manner, method, or thing shall not be deemed to exclude like or similar objects, purposes, powers, manners, methods or things.
71 – Separability.
§ 71. Separability. If any provision of this chapter or the application of such provision to any person or circumstance is held invalid, the remainder of the chapter and the application of such provisions to other persons or circumstances shall not be affected thereby.
72 – Effective Date.
§ 72. Effective date. This chapter shall take effect immediately.
51 – Fees.
§ 51. Fees. The department of state shall charge and collect for: (a) Filing articles of incorporation, forty dollars; (b) Filing articles of amendment, twenty-five dollars; (c) Filing articles of consolidation or merger, twenty-five dollars; (d) Filing articles of conversion, twenty-five dollars; (e) Filing certificate of election to dissolve, five dollars; (f) Filing articles of […]
60 – Patronage Capital Contributions, Allocations, and Retirements.
§ 60. Patronage capital contributions, allocations, and retirements. (a) Each cooperative’s by-laws shall, unless otherwise determined by agreement of the members, provide for patronage capital allocations and retirements in the manner provided by this section. Agreement by the members for purposes of this section shall mean member approval of by-law provisions or by a majority […]
61 – Disposition of Property.
§ 61. Disposition of property. (a) The board of directors of a cooperative shall have full power and authority, without authorization by the members thereof, to authorize the execution and delivery of a mortgage or mortgages or a deed or deeds of trust of, or the pledging or encumbering of, any or all of the […]
62 – Non-Liability of Members for Debts of Cooperative.
§ 62. Non-liability of members for debts of cooperative. No member shall be liable or responsible for any debts of the cooperative and the property of the members shall not be subject to execution therefor.
63 – Recordation of Mortgages; Effect Thereof.
§ 63. Recordation of mortgages; effect thereof. In case of conflict between this section and article nine of the uniform commercial code, the provisions of this section shall control. Any mortgage, deed of trust or other instrument executed by a cooperative or foreign corporation doing business in this state pursuant to this chapter, which affects […]
64 – Construction Standards.
§ 64. Construction standards. Construction of electric lines by a cooperative shall, as a minimum requirement, comply with the standards of the national electric safety code in effect at the time of such construction.