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The Laws of New York
Consolidated Laws of New York
CHAPTER 77
Cooperative Corporations
ARTICLE 4
Directors, Officers and Employees
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SECTION 61
Directors from districts
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ARTICLE 4
Directors, Officers and Employees
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SECTION 63
Removal of directors
This entry was published on 2014-09-22
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SECTION 62
Salaries
Cooperative Corporations (CCO) CHAPTER 77, ARTICLE 4
§ 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.