N.Y. General Associations Law Section 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.

Source: Section 3 — Contents of articles of association, https://www.­nysenate.­gov/legislation/laws/GAS/3 (updated Sep. 22, 2014; accessed Apr. 12, 2025).

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Accessed:
Apr. 12, 2025

Last modified:
Sep. 22, 2014

§ 3’s source at nysenate​.gov

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