New York Laws > Cooperative Corporations > Article 7 – Provisions as to Credit and Agency Corporations
Current as of: 2022 | Check for updates | Other versions
|§ 121||Special Powers|
|§ 122||Purchase of Stock, Assets or Business of Other Corporations|
|§ 123||Credit and Agency Corporations; Ownership of Voting Common Stock; Directors|
Terms Used In New York Laws > Cooperative Corporations > Article 7 - Provisions as to Credit and Agency Corporations
- cooling tower: means a cooling tower, evaporative condenser or fluid cooler that is part of a recirculated water system incorporated into a building's cooling, industrial process, refrigeration, or energy production system. See N.Y. New York City Administrative Code 28-317.2
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.