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Corporate bylaws are legally required in New York. ing to NY Bus Corp L § 601, corporate bylaws ?shall be adopted? by an organization's incorporator(s) at the initial organizational meeting. That means that in New York, you'll need to adopt bylaws to comply with the law.
(a) No director of the corporation shall be personally liable to the corporation or its shareholders for damages for any breach of duty in such capacity; provided however, that the provisions of the foregoing sentence shall not eliminate or limit (1) the liability of any director if a judgment or other final ...
New York Consolidated Laws, Business Corporation Law - BSC § 904-a. Merger or consolidation of corporations with other business entities; certificate of merger or consolidation.
Section 719 - Liability of directors in certain cases (a) Directors of a corporation who vote for or concur in any of the following corporate actions shall be jointly and severally liable to the corporation for the benefit of its creditors or shareholders, to the extent of any injury suffered by such persons, ...
New York Consolidated Laws, Business Corporation Law - BSC § 609. Proxies. (a) Every shareholder entitled to vote at a meeting of shareholders or to express consent or dissent without a meeting may authorize another person or persons to act for him by proxy.
New York Consolidated Laws, Business Corporation Law - BSC § 711. Notice of meetings of the board. (a) Unless otherwise provided by the by-laws, regular meetings of the board may be held without notice if the time and place of such meetings are fixed by the by-laws or the board.
(2) submit an annual report to the shareholders, which shall be signed by each such director, containing information on any contracts made, entered into, or otherwise voted on by the board of directors where one or more of the directors was an interested director, pursuant to section seven hundred thirteen of this ...