Statute · New York Cooperative Corporations Law
N.Y. Coop. Corp. Law § 123 — Credit and agency corporations; ownership of voting common stock; directors
N.Y. Coop. Corp. Law § 123
- Type
- Statute
- Source
- New York Cooperative Corporations Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Coop. Corp. Law § 123 — Credit and agency corporations; ownership of voting common stock; directors is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.