2006 New York Code - Reincorporation Of Joint Corporations.


 
    § 11. Reincorporation  of joint corporations. A corporation heretofore
  organized, the members whereof represent lodges or bodies in any of  the
  benevolent  or  fraternal orders mentioned or described in section seven
  hereof, may by a two-thirds vote of all its members present  and  voting
  at   a   regular   or  regularly  called  meeting  thereof,  proceed  to
  reincorporate under this chapter with the same name  and  for  the  same
  purposes  for  which  it was originally organized. In thus proceeding to
  reincorporate, the board of trustees or directors may  be  increased  or
  diminished within the limits prescribed by section seven hereof, but any
  decrease  in  such  membership shall not take effect so as to affect the
  term of office of any trustee or director of the old  corporation.  Such
  trustees  or  directors  and  the  other officers of the old corporation
  shall continue to serve as such under the  reorganized  corporation  for
  the  term  for  which  they  were  originally elected or appointed. Such
  reorganization shall not effect a dissolution of  the  corporation,  but
  shall  be  deemed  a  continuation  of  its  corporate existence without
  affecting its property rights, or its liabilities, or the liabilities of
  its members or officers as such; but thereafter it shall have only  such
  other  rights,  powers  and privileges and be subject only to such other
  duties and liabilities as a corporation created  for  the  same  purpose
  under this chapter.


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