2013 New York Consolidated Laws
CCO - Cooperative Corporations
Article 5-A - (80 - 94) WORKER COOPERATIVE CORPORATIONS
84 - Applicability of the business corporation law.

 
    §  84. Applicability of the business corporation law. 1. A corporation
  electing to be governed as  a  worker  cooperative  in  accordance  with
  section  eighty-two  of this article shall be governed by all provisions
  of the business corporation law, except as otherwise  provided  in  this
  article.
    2.  Notwithstanding the provisions of paragraph (b) of subdivision (1)
  of section five of this chapter, the following sections of the  business
  corporation  law  shall  apply  to  worker  cooperatives,  except  where
  otherwise provided in this article: section four hundred three,  section
  five  hundred  five,  paragraph  (c)  of  section five hundred eighteen,
  paragraph (a) of section six hundred eight,  paragraph  (a)  of  section
  seven  hundred  three,  section  seven hundred four and paragraph (a) of
  section eight hundred three.
    3. The following sections of the business corporation  law  shall  not
  apply to membership shares in a worker cooperative as defined in section
  eighty-one  of  this  article:  section five hundred three, section five
  hundred four, section five hundred nine, paragraph (c) of  section  five
  hundred   twelve,  section  six  hundred  twelve,  section  six  hundred
  seventeen,  section  six  hundred  twenty-two,   section   six   hundred
  twenty-three,  section  six  hundred twenty-five and section six hundred
  twenty-eight.