N.Y. Cooperative Corporations Law Section 62
Salaries

The corporation may provide a fair remuneration for its officers and directors and for members of its executive committee. No officer or director or member of the executive committee shall be a party to a contract for profit with the corporation which in substance shall differ in any way from similar contracts by it with members or with others, or which shall vary from terms generally current in the district.

Source: Section 62 — Salaries, https://www.­nysenate.­gov/legislation/laws/CCO/62 (updated Sep. 22, 2014; accessed Apr. 26, 2025).

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Accessed:
Apr. 26, 2025

Last modified:
Sep. 22, 2014

§ 62’s source at nysenate​.gov

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