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  4. Art. 7

Article 7
Directors and Officers

Sections

701
Board of directors
702
Number of directors
703
Election and term of directors
704
Classification of directors
705
Newly created directorships and vacancies
706
Removal of directors
707
Quorum of directors
708
Action by the board
709
Greater requirement as to quorum and vote of directors
710
Place and time of meetings of the board
711
Notice of meetings of the board
712
Executive committee and other committees
713
Interested directors
714
Loans to directors
715
Officers
716
Removal of officers
717
Duty of directors
718
List of directors and officers
719
Liability of directors in certain cases
720
Action against directors and officers for misconduct
721
Nonexclusivity of statutory provisions for indemnification of directors and officers
722
Authorization for indemnification of directors and officers
723
Payment of indemnification other than by court award
724
Indemnification of directors and officers by a court
725
Other provisions affecting indemnification of directors and officers
726
Insurance for indemnification of directors and officers
727
Annual reports for certain transactions required
 



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Location: https://newyork.public.law/laws/n.y._business_corporation_law_article_7

Blank Outline Levels

The legislature occasionally skips outline levels. For example:

(3) A person may apply [...]
(4)(a) A person petitioning for relief [...]

In this example, (3), (4), and (4)(a) are all outline levels, but (4) was omitted by its authors. It's only implied. This presents an interesting challenge when laying out the text. We've decided to display a blank section with this note, in order to aide readability.

Trust but verify.

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