Legislation
SECTION 91
Directors; officers
Cooperative Corporations (CCO) CHAPTER 77, ARTICLE 5-A
§ 91. Directors; officers. 1. The by-laws of a worker cooperative
shall provide for the election, terms, classifications, if any, and
removal of directors and officers in accordance with the provisions of
this chapter or the provisions of the business corporation law.
2. Non-members may serve as directors or officers of a worker
cooperative but at no time shall there be a majority of non-member
directors.
3. Notwithstanding section sixty-four of this chapter, non-members may
serve as president and first vice-president of a worker cooperative.
4. Vacancies in director positions resulting from death, resignation
or removal shall be filled by vote of the member directors.
shall provide for the election, terms, classifications, if any, and
removal of directors and officers in accordance with the provisions of
this chapter or the provisions of the business corporation law.
2. Non-members may serve as directors or officers of a worker
cooperative but at no time shall there be a majority of non-member
directors.
3. Notwithstanding section sixty-four of this chapter, non-members may
serve as president and first vice-president of a worker cooperative.
4. Vacancies in director positions resulting from death, resignation
or removal shall be filled by vote of the member directors.