New York § 7003 Election and tenure of directors

New York Statutes

§ 7003 — Election and tenure of directors

New York § 7003

Law BNKBanking

Title 7Directors and Officers

Art. 15General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies

This text of New York § 7003 (Election and tenure of directors) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Banking § 7003 (2026).

Text

§ 7003. Election and tenure of directors.

1.At each annual meeting of\nstockholders of a corporation, the stockholders shall elect directors to\nhold office until the next annual meeting except as authorized by\nsection seven thousand four of this article. The organization\ncertificate may provide for the election of one or more directors by the\nholders of the stock of any class or series, voting as a class.\n 2. Each director shall, unless sooner removed or disqualified, hold\noffice until the expiration of the term for which he is elected, and\nuntil his successor has been elected and qualified.\n

Free access — add to your briefcase to read the full text and ask questions with AI

§ 7003. Election and tenure of directors. 1. At each annual meeting of\nstockholders of a corporation, the stockholders shall elect directors to\nhold office until the next annual meeting except as authorized by\nsection seven thousand four of this article. The organization\ncertificate may provide for the election of one or more directors by the\nholders of the stock of any class or series, voting as a class.\n 2. Each director shall, unless sooner removed or disqualified, hold\noffice until the expiration of the term for which he is elected, and\nuntil his successor has been elected and qualified.\n