2006 New York Code - Fees, Dues And Assessments; Fines And Penalties.

 
  § 507. Fees, dues and assessments; fines and penalties.
    (a)  If  authorized by its certificate of incorporation or by-laws and
  subject to  any  limitations  stated  therein  a  corporation  may  levy
  initiation  fees,  dues  and  assessments on its members, whether or not
  they are voting members,  and  may  impose  reasonable  fines  or  other
  penalties upon its members for violations of its rules and regulations.
    (b)  Initiation fees, dues or assessments may be levied on all classes
  of members alike or in different amounts or  proportions  for  different
  classes  of  members, as the certificate of incorporation or the by-laws
  may provide, but in all cases the fees, dues and assessments payable  by
  members of one class shall be determined upon the same basis.
    (c)  The  certificate of incorporation or the by-laws may contain such
  provisions as are deemed necessary to enforce the  collection  of  fees,
  dues,  assessments,  fines  or other penalties, including provisions for
  the termination of membership, upon reasonable notice,  for  non-payment
  of   such  fees,  dues,  assessments,  fines  or  other  penalties,  and
  provisions for reinstatement of membership.
    (d) Subject to the provisions of  this  chapter,  the  certificate  of
  incorporation  may  provide that members paying initiation fees, dues or
  assessments  shall,  upon   dissolution   of   the   corporation,   have
  distributive  rights  in  its  assets.  The  distributive  rights may be
  different for different classes of members, but in all cases the  rights
  of members of one class shall be the same.