§ 407. Qualifications of members and voters. (a) Each person admitted to membership pursuant to the by-laws shall be a member of the corporation until his membership shall terminate by death, resignation or as otherwise provided in the by-laws.

Terms Used In N.Y. Religious Corporations Law 407

  • 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.

(b) Every member of the society shall be entitled to vote unless otherwise provided in the by-laws. Every voting member shall be entitled to one vote. Voting shall be in person only and not by proxy.

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