This text of New York § 160-FF (Management of the fund; board 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.
§ 160-ff. Management of the fund; board of directors.
1.There shall\nbe appointed a board of directors of the fund, consisting of eleven\ndirectors, six of whom shall be selected by the black car assistance\ncorporation; four of whom shall be chosen by the governor, including one\nchosen upon the recommendation of the temporary president of the senate\nand one chosen upon the recommendation of the speaker of the assembly;\none chosen to represent a transportation network company as defined by\narticle forty-four-B of the vehicle and traffic law; and one of whom\nshall be the secretary, who shall serve ex officio. The governor shall\nappoint the director chosen to represent a transportation network\ncompany no later than December thirty-first, two thousand seventeen. The\nterms of all d
Free access — add to your briefcase to read the full text and ask questions with AI
§ 160-ff. Management of the fund; board of directors. 1. There shall\nbe appointed a board of directors of the fund, consisting of eleven\ndirectors, six of whom shall be selected by the black car assistance\ncorporation; four of whom shall be chosen by the governor, including one\nchosen upon the recommendation of the temporary president of the senate\nand one chosen upon the recommendation of the speaker of the assembly;\none chosen to represent a transportation network company as defined by\narticle forty-four-B of the vehicle and traffic law; and one of whom\nshall be the secretary, who shall serve ex officio. The governor shall\nappoint the director chosen to represent a transportation network\ncompany no later than December thirty-first, two thousand seventeen. The\nterms of all directors other than the secretary shall be three years.\nThe board shall have the power to remove for cause any director other\nthan the secretary.\n 2. The directors shall elect annually from among their number a chair\nand a vice chair who shall act as chair in the chair's absence.\n 3. For their attendance at meetings, the directors of the fund shall\nbe entitled to compensation, as authorized by the directors, in an\namount not to exceed two hundred dollars per meeting per director and to\nreimbursement of their actual and necessary expenses.\n 4. Directors of the fund, except as otherwise provided by law, may\nengage in private or public employment or in a profession or business.\n 5. (a) All of the directors shall have equal voting rights and five or\nmore directors shall constitute a quorum. The affirmative vote of five\ndirectors shall be necessary for the transaction of any business or the\nexercise of any power or function of the fund.\n (b) The fund may delegate to one or more of its directors, officers,\nagents or employees such powers and duties as it may deem proper.\n (c) A vacancy occurring in a director position for which the governor\nwas the original appointing authority shall be filled by the governor,\nupon the recommendation of the legislative official, if any, that was\nauthorized to recommend the original appointee pursuant to subdivision\none of this section. A vacancy occurring in a director position for\nwhich the black car assistance corporation was the original appointing\nauthority shall be filled by the black car assistance corporation. A\nvacancy in any one or more of the director positions shall not prevent\nthe remaining directors from transacting any business, provided a quorum\nis present and voting.\n (d) At the expiration of a director's term, the authority that\nappointed such director pursuant to subdivision one of this section or\nparagraph (c) of this subdivision shall re-appoint such director for an\nadditional term or appoint a new director for such subsequent term,\nprovided however that no individual may serve as director for more than\nthree successive terms.\n