N.Y. Cooperative Corporations Law Section 123
Credit and agency corporations

  • ownership of voting common stock
  • directors
All the voting common stock of a cooperative credit or agency corporation must be owned by one or more cooperative corporations organized or operating under the provisions of this chapter. The directors must be members or stockholders of one or more of the cooperative corporations which own the voting common stock.

Source: Section 123 — Credit and agency corporations; ownership of voting common stock; directors, https://www.­nysenate.­gov/legislation/laws/CCO/123 (updated Sep. 22, 2014; accessed Jan. 18, 2025).

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Accessed:
Jan. 18, 2025

Last modified:
Sep. 22, 2014

§ 123’s source at nysenate​.gov

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