§ 63 — Removal of directors

New York § 63

• Jurisdiction: New York
• Law CCO: Cooperative Corporations
• Art. 4: Directors, Officers and Employees

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§ 63. Removal of directors. Any member may bring charges against a\ndirector by filing them in writing with the secretary, together with a\npetition signed by five per centum of the members, requesting removal.\nThe corporation may thereupon remove the director by the affirmative\nvote of three-fourths of the members voting thereon at a meeting\npromptly held after due notice in writing setting forth accurately the\npurpose for which such meeting is called, provided that at such meeting\nnot less than ten per centum of the entire membership vote, personally\nor by mail. The director involved shall be given a copy of the charges\nreasonably in advance of the meeting, and he and the complainant shall\nhave an opportunity at the meeting to be heard in person or by counsel\nand to present and cross examine witnesses.\n In case the by-laws provide for election of directors by districts\nwith primary elections in each district, then the petition for removal\nof a director must be signed by twenty per centum of the members\nresiding in the district from which he was elected. The board of\ndirectors must call a special meeting of the members residing in that\ndistrict to consider the removal of the director in the manner above\nprovided; and, by a concurrent vote of a majority of the members of that\ndistrict voting thereon, such director shall be removed from office.\n