There is a newer version
of
the New York Laws
2017 New York Laws
CCO - Cooperative Corporations
Article 7 - Provisions as to Credit and Agency Corporations
123 - Credit and Agency Corporations; Ownership of Voting Common Stock; Directors.
Universal Citation: NY Coop Corp L § 123 (2017)
123. Credit and agency corporations; ownership of voting common stock; directors. All the voting common stock of a cooperative credit or agency corporation must be owned by one or more cooperative corporations organized or operating under the provisions of this chapter. The directors must be members or stockholders of one or more of the cooperative corporations which own the voting common stock.
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