§ 3. Contents of articles of association. The articles of association\nof a joint-stock association may:\n 1. Provide that the death of a stockholder thereof, or the transfer\nof his shares of stock therein, shall not work a dissolution of the\nassociation;\n 2. Prescribe the number of its directors, not less than three, to\nhave the sole management of its affairs;\n 3. Contain any other provision for the management of its affairs not\ninconsistent with law.\n
N.Y. General Associations Law § 3
Contents of articles of association
Applied in 1 court decision — leading case Matter of Waite v. Town of Champion (2018)
Most recently applied in Matter of Waite v. Town of Champion (June 2018)
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.