There is a newer version
of
the New York Laws
2017 New York Laws
BSC - Business Corporation
Article 7 - Directors and Officers
703 - Election and Term of Directors.
Universal Citation: NY Bus Corp L § 703 (2017)
703. Election and term of directors.(a) At each annual meeting of shareholders, directors shall be elected to hold office until the next annual meeting except as authorized by section 704 (Classification of directors). The certificate of incorporation may provide for the election of one or more directors by the holders of the shares of any class or series, or by the holders of bonds entitled to vote in the election of directors pursuant to section 518 (Corporate bonds), voting as a class.
(b) Each director shall hold office until the expiration of the term for which he is elected, and until his successor has been elected and qualified.
Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
