§ 10 Classes of corporations
§ 11 Five or more persons may form a corporation, under this chapter, by making, acknowledging and filing a certificate of incorporation which shall state:
§ 12 Amendments to certificate of incorporation
§ 13 Purposes for which general cooperative corporations may be formed
§ 14 General powers
§ 15 Filing certificate
§ 16 By-laws
§ 17 Voluntary dissolution
§ 18 Jurisdiction of the supreme court

Terms Used In New York Laws > Cooperative Corporations > Article 2 - Formation and Dissolution of Cooperative Corporations; Classes; Powers; By-Laws

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Minority leader: See Floor Leaders
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.