N.Y. General Associations Law § 3
Contents of articles of association
New York · New York General Associations Law · Status: effective · Effective 2014-09-22
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- N.Y. General Associations Law § 3, Contents of articles of association, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1107484
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§ 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.