reglab/housing_qa huggingface dataset:
NY Not for Profit Corp L § 517 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 5 - Corporate Finance 517 - Liabilities of Members.

§ 517. Liabilities of members.  (a)  The  members  of a corporation shall not be personally liable for the debts, liabilities or obligations of the corporation.  (b) A member shall be liable to the corporation only to the extent  of any   unpaid   portion  of  the  initiation  fees,  membership  dues  or assessments which the corporation may have lawfully imposed upon him, or for any other indebtedness owed by him to  the  corporation.  No  action shall  be  brought by any creditor of the corporation to reach and apply any such liability to any debt of  the  corporation  until  after  final judgment  shall  have  been rendered against the corporation in favor of the  creditor  and  execution  thereon  returned  unsatisfied,  or   the corporation  shall have been adjudged bankrupt, or a receiver shall have been appointed with power to  collect  debts,  and  which  receiver,  on demand  of a creditor to bring suit thereon, has refused to sue for such unpaid amount, or the corporation shall have been  dissolved  or  ceased its  activities  leaving  debts  unpaid. No such action shall be brought more than three years after the happening of any one of such events.
NY Not for Profit Corp L § 519 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 5 - Corporate Finance 519 - Annual Report of Directors.

§ 519. Annual report of directors.  (a) The board shall present at the annual meeting of members a report, verified  by  the  president  and  treasurer  or  by  a  majority of the directors, or certified by an independent  public  or  certified  public accountant  or a firm of such accountants selected by the board, showing in appropriate detail the following:  (1) The assets and liabilities, including  the  trust  funds,  of  the corporation  as  of  the end of a twelve month fiscal period terminating not more than six months prior to said meeting.  (2) The principal changes in assets and liabilities,  including  trust funds, during said fiscal period.  (3)  The revenue or receipts of the corporation, both unrestricted and restricted to particular purposes during said fiscal period.  (4) The expenses or disbursements of the corporation, for both general and restricted purposes, during said fiscal period.  (5) The number of members of the corporation as of  the  date  of  the report, together with a statement of increase or decrease in such number during  said fiscal period, and a statement of the place where the names and places of residence of the current members may be found.  (b) The annual report of directors shall be filed with the records  of the  corporation and either a copy or an abstract thereof entered in the minutes of the proceedings of the annual meeting of members.  (c) The board of a corporation having  no  members  shall  direct  the president  and treasurer to present at the annual meeting of the board a report in accordance with paragraph (a), but omitting the requirement of subparagraph (5). This report shall be filed with  the  minutes  of  the annual meeting of the board.
NY Not for Profit Corp L § 519-A (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 5 - Corporate Finance 519-A - Annual Reports for Certain Transactions Required.

§ 519-a. Annual reports for certain transactions required.  (a)  A  condominium  created  pursuant  to  the real property law or a cooperative  housing  corporation  created  pursuant  to  the   business corporation law, shall, at least once each year:  (1)  require  that  each  director,  as  defined  in  paragraph six of subdivision (a) of section one hundred two of this  chapter,  receive  a copy of section seven hundred fifteen of this chapter; and  (2) provide an annual report to the members or to the governing board, if  there  are  no members, 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 that were considered a related  party transaction pursuant to section seven hundred fifteen of this chapter.  (b)  The  annual  report  required  by subdivision (a) of this section shall include, but not be limited to, the following:  (1) a list of all contracts  voted  on  by  the  board  of  directors, including  information  on  the contract recipient, contract amount, and the purpose of entering into the contract;  (2) the record of each meeting including director  attendance,  voting records  for  contracts,  and how each director voted on such contracts; and  (3) the date of each vote on each contract, and the date the  contract would be and remain valid.  (c)  If the annual report required by paragraph two of subdivision (a) of this section would, notwithstanding the requirements of this section, contain no information because of the absence of any  actions  taken  by the  board  that  would  otherwise  qualify for inclusion in such annual report, then the board shall instead submit to the  members  or  to  the governing  board,  if  there  are no members, a document, signed by each director, indicating: "No actions taken by the board were subject to the annual report required pursuant to section 519-a of  the  Not-for-Profit Corporation Law".
NY Not for Profit Corp L § 520 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 5 - Corporate Finance 520 - Reports of Corporation.

§ 520. Reports of corporation.Each  domestic corporation, and each foreign corporation authorized to   conduct activities in this state, shall from  time  to  time  file  such   reports  on its activities as may be required by the laws of this state.   All registration and reporting requirements pursuant to article  seven-A   of  the  executive  law,  and  section  8-1.4 of the estates, powers and   trusts law, or related successor provisions, are, without limitation  on   the  foregoing,  expressly  included  as reports required by the laws of   this state to be filed within  the  meaning  of  this  section.  Willful   failure  of  a  corporation  to  file  a report as required by law shall   constitute a breach of the directors' duty to the corporation and  shall   subject  the  corporation,  at  the  suit of the attorney-general, to an   action or special proceeding for dissolution under article 11  (Judicial   dissolution)  in  the  case  of a domestic corporation, or under section   1303 (Violations) in the case of a foreign corporation.
NY Not for Profit Corp L § 521 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 5 - Corporate Finance 521 - Liability for Failure to Disclose Required Information.

§ 521. Liability for failure to disclose required information.Failure  of the corporation to comply in good faith with the notice or   disclosure or reporting provisions of  section  501  (Stock  and  shares   prohibited;  membership  certificates  authorized),  or paragraph (c) of   section 503 (Capital certificates), or  paragraph  (c)  of  section  505   (Subvention   certificates),   or   paragraph   (b)   of   section   513   (Administration of assets received for specific  purposes),  or  section   518   (Reports  to  comptroller),  or  section  519  (Annual  report  of   directors), or section 520 (Reports  of  corporation),  shall  make  the   corporation liable for any damage sustained by any person in consequence   thereof.
NY Not for Profit Corp L § 550 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 5-A - Prudent Management of Institutional Funds Act 550 - Short Title.

§ 550. Short title.This  article  may  be known and may be cited as the "New York prudent   management of institutional funds act".
NY Not for Profit Corp L § 554 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 5-A - Prudent Management of Institutional Funds Act 554 - Delegation of Management and Investment Functions.

§ 554. Delegation of management and investment functions.  (a)  Subject to any specific limitation set forth in a gift instrument or in law other than this article, an institution  may  delegate  to  an external agent the management and investment of an institutional fund to the  extent  that  an  institution  could  prudently  delegate under the circumstances. An institution shall act in good  faith,  with  the  care that  an  ordinarily  prudent  person  in a like position would exercise under  similar  circumstances  as  required  by  section  seven  hundred seventeen of this chapter, in:  (1) selecting, continuing or terminating an agent, including assessing the  agent's independence including any conflicts of interest such agent has or may have;  (2) establishing the scope and terms of the delegation, including  the payment of compensation, consistent with the purposes of the institution and the institutional fund; and  (3)  monitoring  the agent's performance and compliance with the scope and terms of the delegation.  (b) In performing a delegated function, an agent owes a  duty  to  the institution  to  exercise  reasonable  care, skill and caution to comply with the scope and terms of the delegation.  (c) An institution that complies with paragraph (a) of this section is not liable for the decisions  or  actions  of  an  agent  to  which  the function was delegated.  (d)  By  accepting  delegation  of a management or investment function from an institution that is subject to the laws of this state, an  agent submits  to  the  jurisdiction  of  the  courts  of  this  state  in all proceedings arising from or related to the delegation or the performance of the delegated function.  (e) Each contract, if any, pursuant to which authority is so delegated shall provide that it may be terminated by the institution at any  time, without penalty, upon not more than sixty days notice.  (f) An institution may delegate management and investment functions to its committees, officers, or employees as authorized by the laws of this state  other than this article, as set forth in, inter alia, section 514 (Delegation of investment management).  (g) Nothing in this article shall impair the operation of section  717 (Duty of directors and officers).
NY Not for Profit Corp L § 556 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 5-A - Prudent Management of Institutional Funds Act 556 - Reviewing Compliance.

§ 556. Reviewing compliance.Compliance with this article shall be determined in light of the facts   and  circumstances  existing at the time a decision is made or action is   taken, and not retrospectively.
NY Not for Profit Corp L § 557 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 5-A - Prudent Management of Institutional Funds Act 557 - Application to Existing Institutional Funds.

§ 557. Application to existing institutional funds.This  article  shall  apply  to  institutional  funds  existing  on or   established after the effective date of  this  article.  As  applied  to   institutional funds existing on the effective date of this article, this   article  shall  govern  only decisions made or actions taken on or after   that date.
NY Not for Profit Corp L § 558 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 5-A - Prudent Management of Institutional Funds Act 558 - Relation to Electronic Signatures in Global and National Commerce Act.

§ 558. Relation to Electronic Signatures in Global and National Commerce   Act.This   article   modifies,   limits,  and  supersedes  the  Electronic   Signatures in Global and National Commerce Act, 15 U.S.C.  Section  7001   et  seq.,  but  does not modify, limit, or supersede Section 101 of that   act, 15 U.S.C.  Section 7001(a), or authorize electronic delivery of any   of the notices described in Section 103 of that act, 15  U.S.C.  Section   7003(b).
NY Not for Profit Corp L § 601 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 6 - Members 601 - Members.

§ 601. Members.  (a)  A  corporation  shall have one or more classes of members, or, in the case of a charitable corporation, may have no members, in which case any such provision for classes of members or for no members shall be set forth in the certificate of incorporation or the by-laws.  Corporations, joint-stock  associations, unincorporated associations and partnerships, as well as any other person without limitation, may be members, provided however,  that  effective  July  first,  two   thousand   nineteen,   no corporation  except  a  corporation  that  has  no members, shall have a membership comprised of fewer than three persons. A corporation may have a corporation, joint-stock association,  unincorporated  association  or partnership   as   a  sole  member,  if  such  corporation,  joint-stock association, unincorporated  association  or  partnership  is  owned  or controlled by no fewer than three persons.  (b)  If  the  corporation  has  two  or  more  classes of members, the designation and characteristics of each class and the qualifications and rights of, and limitations upon, the members of each class  may  be  set forth  in  the  certificate  of  incorporation,  the  by-laws or, if the by-laws so provide, a resolution of the board.  (c) If the corporation has members, membership  may  be  effected  and evidenced by:  (1) Signature on the certificate of incorporation.  (2) Designation in the certificate of incorporation or the by-laws.  (3) Membership certificate or card or capital certificate.  (4)  Such  method,  including  but not limited to the foregoing, as is prescribed by the certificate of incorporation or the by-laws.  (d) Membership certificates or cards shall not be transferable. If the certificate of incorporation or by-laws permits transfer of  membership, upon  each  such  transfer  the  certificate  or card issued to a former member shall be surrendered, and a new  certificate  or  card  shall  be issued to the new member.  (e) Except as otherwise provided in this chapter or the certificate of incorporation  or  the by-laws, membership shall be terminated by death, resignation,  expulsion,  expiration  of  a  term   of   membership   or dissolution and liquidation under articles 10 and 11.
NY Not for Profit Corp L § 602 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 6 - Members 602 - By-Laws.

§ 602. By-laws.  (a)  The  initial  by-laws  of  a  corporation  may  be adopted by its incorporators at the organization meeting and, if not so adopted by  the incorporators,  by its board. Any reference in this chapter to a "by-law adopted by the members" includes a by-law adopted by the incorporators.  (b) Subject to section 612 (Limitations on right to vote), the by-laws may be adopted, amended or repealed by the members at the time  entitled to  vote  in the election of directors and, unless otherwise provided in the certificate of incorporation or the by-laws adopted by the  members, by the board.  (c)  Any by-law adopted by the board may be amended or repealed by the members  and,  unless  otherwise  provided   in   the   certificate   of incorporation  or the by-laws adopted by the members, any by-law adopted by the members may be amended or repealed by the board.  (d) In the case of a corporation which is subject, under any other law of this state, to regulation  or  control  by  a  governmental  body  or officer,  such body or officer may, to the extent provided in such other law, in furtherance of its or his authority to regulate or control:  (1) Adopt, amend or repeal by-laws.  (2) Amend or repeal any by-law adopted by the members or the board.  (e) If any by-law regulating an impending  election  of  directors  is adopted,  amended  or repealed by the board, there shall be set forth in the notice of the next meeting  of  the  members  for  the  election  of directors  the  by-law  so adopted, amended or repealed, together with a concise statement of the changes made.  (f) The by-laws may contain any provision relating to the business  of the corporation, the conduct of its affairs, its rights or powers or the rights or powers of its members, directors or officers, not inconsistent with  this chapter or any other statute of this state or the certificate of incorporation.  (g) In the case of residential  not-for-profit  corporations,  changes including  the adoption, amendment or repeal of the by-laws by the board of directors  shall  be  provided  to  the  members,  stockholders,  and delegates  of  such  corporation  in  writing, by physical or electronic means, within ten days of such adoption.
NY Not for Profit Corp L § 604 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 6 - Members 604 - Special Meeting for Election of Directors.

§ 604. Special meeting for election of directors.  (a) If, for a period of one month after the date fixed by or under the by-laws  for  the  annual  meeting of members or, if no date has been so fixed, for a period of  thirteen  months  after  the  formation  of  the corporation  or  the  last annual meeting, there is a failure to elect a sufficient  number  of  directors  to  conduct  the  business   of   the corporation,  the board shall call a special meeting for the election of directors.  If such special meeting is not called by  the  board  within two  weeks after the expiration of such period or if it is so called but there is a failure to elect such directors for a period  of  two  months after  the  expiration  of  such  period,  members  entitled to cast one hundred votes or ten per cent of the total number of votes  entitled  to be  cast  in  an  election  of  directors,  whichever is lesser, may, in writing, demand the call of  a  special  meeting  for  the  election  of directors specifying the date and month thereof, which shall not be less than  two  nor  more  than  three  months  from the date of such written demand. The secretary of the  corporation  upon  receiving  the  written demand  shall promptly give notice of such meeting or, if he fails to do so within five business days thereafter, any member signing such  demand may  give  such  notice. The meeting shall be held at the place fixed in the by-laws or, if not so fixed, at the office of the corporation.  (b) At any such special meeting  called  on  the  demand  of  members, notwithstanding  section 608 (Quorum of members), the members attending, in person or by proxy, and entitled to vote in an election of  directors shall constitute a quorum for the purpose of electing directors, but not for the transaction of any other business.
NY Not for Profit Corp L § 606 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 6 - Members 606 - Waivers of Notice.

§ 606. Waivers of notice.Notice of meeting need not be given to any member who submits a waiver   of  notice,  in person or by proxy, whether before or after the meeting.   Waiver of notice may be written or electronic. If  written,  the  waiver   must  be  executed  by  the  member  or the member's authorized officer,   director, employee, or agent by signing such waiver or  causing  his  or   her  signature  to  be  affixed  to such waiver by any reasonable means,   including, but not limited to facsimile signature.  If  electronic,  the   transmission  of  the  waiver  must  be  sent by electronic mail and set   forth, or be submitted with, information from which it can reasonably be   determined that the transmission  was  authorized  by  the  member.  The   attendance  of  any  member at a meeting, in person or by proxy, without   protesting prior to the conclusion of the meeting the lack of notice  of   such meeting, shall constitute a waiver of notice by him or her.
NY Not for Profit Corp L § 607 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 6 - Members 607 - List or Record of Members at Meetings.

§ 607. List or record of members at meetings.A  list  or  record  of  members  entitled  to  vote, certified by the   corporate officer responsible for  its  preparation  or  by  a  transfer   agent,  shall  be  produced  at  any meeting of members upon the request   therefor of any member who has given written notice to  the  corporation   that  such request will be made at least ten days prior to such meeting.   If the right to vote at any meeting is  challenged,  the  inspectors  of   election,  or  the  person presiding thereat, shall require such list or   record of members to be produced as evidence of the right of the persons   challenged to vote at such meeting, and all persons who appear from such   list or record to be members entitled to vote thereat may vote  at  such   meeting.
NY Not for Profit Corp L § 610 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 6 - Members 610 - Selection of Inspectors at Meetings of Members; Duties.

§ 610. Selection of inspectors at meetings of members; duties.  (a)  If the by-laws require inspectors at any meeting of members, such requirement is waived unless compliance  therewith  is  requested  by  a member  present  in  person  or  by  proxy  and entitled to vote at such meeting. Unless otherwise provided in the by-laws, the board, in advance of any meeting of members, may appoint one or more inspectors to act  at the  meeting  or  any  adjournment  thereof.  If  inspectors  are not so appointed, the person presiding at a meeting of members may, and on  the request  of  any  member  entitled to vote thereat shall, appoint one or more inspectors. In case any person appointed fails to  appear  or  act, the vacancy may be filled by appointment made by the board in advance of the  meeting  or  at  the meeting by the person presiding thereat.  Each inspector, before entering upon the discharge of his duties, shall  take and  sign  an oath faithfully to execute the duties of inspector at such meeting with strict impartiality  and  according  to  the  best  of  his ability.  (b)   The   inspectors   shall  determine  the  number  of  membership certificates or cards  and  capital  certificates  outstanding  and  the voting  power  of  each,  the  certificates and cards represented at the meeting, the existence of a quorum, the validity and effect of  proxies, and  shall  receive  votes,  ballots or consents, hear and determine all challenges, and questions arising in connection with the right to  vote, count and tabulate all votes, ballots or consents, determine the result, and  do  such  acts  as  are proper to conduct the election or vote with fairness to all members. On request  of  the  person  presiding  at  the meeting  or  any  members entitled to vote thereat, the inspectors shall make a report in writing of any challenge, question or matter determined by them and execute a certificate of any fact found by them.  Any report or certificate made by them shall be prima facie evidence of  the  facts stated and of the vote as certified by them.