reglab/housing_qa huggingface dataset:
NY Bus Corp L § 625 (2021)
2021 New York Laws BSC - Business Corporation Article 6 - Shareholders 625 - Infant Shareholders and Bondholders.

§ 625. Infant shareholders and bondholders.  (a) A  corporation  may  treat  an infant who holds shares or bonds of such corporation as having capacity to receive and to empower others  to receive   dividends,   interest,   principal   and  other  payments  and distributions, to vote or express consent or dissent, in  person  or  by proxy, and to make elections and exercise rights relating to such shares or  bonds,  unless,  in  the  case  of  shares,  the  corporate  officer responsible for maintaining the list of  shareholders  or  the  transfer agent  of  the  corporation  or,  in the case of bonds, the treasurer or paying officer or agent has received written notice that such holder  is an infant.  (b) An  infant  holder  of  shares  or  bonds of a corporation who has received or empowered others to receive payments or distributions, voted or expressed consent or dissent, or made  an  election  or  exercised  a right  relating  thereto, shall have no right thereafter to disaffirm or avoid, as against the corporation, any such  act  on  his  part,  unless prior  to such receipt, vote, consent, dissent, election or exercise, as to shares, the corporate officer responsible for maintaining the list of shareholders or its transfer  agent  or,  in  the  case  of  bonds,  the treasurer or paying officer had received written notice that such holder was an infant.  (c) This section does not limit any other statute which authorizes any corporation  to  deal with an infant or limits the right of an infant to disaffirm his acts.
NY Bus Corp L § 626 (2021)
2021 New York Laws BSC - Business Corporation Article 6 - Shareholders 626 - Shareholders' Derivative Action Brought in the Right of the Corporation to Procure a Judgment in Its Favor.

§ 626. Shareholders'  derivative  action  brought  in  the  right of the          corporation to procure a judgment in its favor.  (a) An action may be brought in the right of  a  domestic  or  foreign corporation to procure a judgment in its favor, by a holder of shares or of  voting  trust  certificates  of  the  corporation or of a beneficial interest in such shares or certificates.  (b) In any such action, it shall be made to appear that the  plaintiff is such a holder at the time of bringing the action and that he was such a  holder  at the time of the transaction of which he complains, or that his shares or his interest therein devolved upon  him  by  operation  of law.  (c) In   any   such   action,  the  complaint  shall  set  forth  with particularity the efforts of the plaintiff to secure the  initiation  of such action by the board or the reasons for not making such effort.  (d) Such  action  shall  not  be discontinued, compromised or settled, without the approval of the court having jurisdiction of the action.  If the court shall determine that the interests of the shareholders or  any class  or  classes  thereof  will  be  substantially  affected  by  such discontinuance, compromise, or settlement, the court, in its discretion, may direct that notice, by publication or otherwise, shall be  given  to the  shareholders  or  class  or  classes  thereof  whose  interests  it determines will be so affected; if notice is so directed  to  be  given, the  court  may determine which one or more of the parties to the action shall bear the expense of giving the same, in such amount as  the  court shall  determine and find to be reasonable in the circumstances, and the amount of such expense shall be awarded as special costs of  the  action and recoverable in the same manner as statutory taxable costs.  (e) If  the  action  on  behalf  of the corporation was successful, in whole or in part, or if  anything  was  received  by  the  plaintiff  or plaintiffs  or  a  claimant  or  claimants  as the result of a judgment, compromise or settlement of an action or claim, the court may award  the plaintiff  or  plaintiffs,  claimant  or claimants, reasonable expenses, including reasonable attorney's fees, and shall direct him  or  them  to account to the corporation for the remainder of the proceeds so received by  him or them. This paragraph shall not apply to any judgment rendered for the benefit of injured shareholders only and limited to  a  recovery of the loss or damage sustained by them.
NY Bus Corp L § 627 (2021)
2021 New York Laws BSC - Business Corporation Article 6 - Shareholders 627 - Security for Expenses in Shareholders' Derivative Action Brought in the Right of the Corporation to Procure a Judgment in Its Favor.

§ 627. Security  for expenses in shareholders' derivative action broughtin the right of the corporation to procure a  judgment  in  itsfavor.In  any  action  specified  in  section  626 (Shareholders' derivative   action brought in the right of the corporation to procure a judgment  in   its favor), unless the plaintiff or plaintiffs hold five percent or more   of any class of the outstanding shares or hold voting trust certificates   or  a beneficial interest in shares representing five percent or more of   any class of such shares, or the shares, voting trust  certificates  and   beneficial interest of such plaintiff or plaintiffs have a fair value in   excess  of  fifty  thousand dollars, the corporation in whose right such   action is brought shall be entitled at  any  stage  of  the  proceedings   before  final  judgment  to  require the plaintiff or plaintiffs to give   security for the reasonable expenses, including attorney's  fees,  which   may  be  incurred  by it in connection with such action and by the other   parties defendant in connection therewith for which the corporation  may   become  liable under this chapter, under any contract or otherwise under   law, to which the corporation shall have recourse in such amount as  the   court  having  jurisdiction  of  such  action  shall  determine upon the   termination of such action. The amount of such security  may  thereafter   from  time  to  time  be increased or decreased in the discretion of the   court having jurisdiction of such action upon showing that the  security   provided has or may become inadequate or excessive.
NY Bus Corp L § 628 (2021)
2021 New York Laws BSC - Business Corporation Article 6 - Shareholders 628 - Liability of Subscribers and Shareholders.

§ 628. Liability of subscribers and shareholders.  (a) A  holder  of  or  subscriber for shares of a corporation shall be under no obligation to the corporation for payment for such shares other than the obligation to pay the unpaid portion of his subscription  which in no event shall be less than the amount of the consideration for which such shares could be issued lawfully.  (b) Any  person  becoming  an assignee or transferee of shares or of a subscription for shares in good faith and without  knowledge  or  notice that  the  full  consideration  therefor  has not been paid shall not be personally liable for any unpaid portion of such consideration, but  the transferor shall remain liable therefor.  (c) No person holding shares in any corporation as collateral security shall be personally liable as a shareholder but the person pledging such shares  shall  be  considered the holder thereof and shall be so liable. No executor, administrator, guardian, trustee or other  fiduciary  shall be  personally  liable as a shareholder, but the estate and funds in the hands of  such  executor,  administrator,  guardian,  trustee  or  other fiduciary shall be liable.
NY Bus Corp L § 629 (2021)
2021 New York Laws BSC - Business Corporation Article 6 - Shareholders 629 - Certain Transfers or Assignments by Shareholders or Subscribers; Effect.

§ 629. Certain  transfers or assignments by shareholders or subscribers;effect.Any transfer or assignment by a shareholder of his  shares,  or  by  a   subscriber  for  shares  of  his  interest in the corporation, shall not   relieve him of any liability as a shareholder or subscriber  if  at  the   time  of  such transfer or assignment the aggregate of the corporation's   property,  exclusive  of  any  property  which  it  may  have  conveyed,   transferred,  concealed,  removed,  or  permitted  to  be  concealed  or   removed, with intent to defraud, hinder or delay its creditors,  is  not   at  a  fair  valuation sufficient in amount to pay its debts, or if such   condition is imminent.
NY Bus Corp L § 701 (2021)
2021 New York Laws BSC - Business Corporation Article 7 - Directors and Officers 701 - Board of Directors.

§ 701. Board of directors.Subject   to   any  provision  in  the  certificate  of  incorporation   authorized by paragraph (b) of section 620  (Agreements  as  to  voting;   provision in certificate of incorporation as to control of directors) or   by   paragraph  (b)  of  section  715  (Officers),  the  business  of  a   corporation shall be  managed  under  the  direction  of  its  board  of   directors,  each  of  whom  shall be at least eighteen years of age. The   certificate  of  incorporation  or  the  by-laws  may  prescribe   other   qualifications for directors.
NY Bus Corp L § 702 (2021)
2021 New York Laws BSC - Business Corporation Article 7 - Directors and Officers 702 - Number of Directors.

§ 702. Number of directors.  (a)  The  board of directors shall consist of one or more members. The number of directors constituting the board may be fixed by the  by-laws, or  by  action  of  the  shareholders or of the board under the specific provisions of a by-law adopted by the  shareholders.  If  not  otherwise fixed  under  this  paragraph, the number shall be one.  As used in this article, "entire board" means the total number of  directors  which  the corporation would have if there were no vacancies.  (b) The number of directors may be increased or decreased by amendment of  the  by-laws, or by action of the shareholders or of the board under the specific provisions of a by-law adopted by the shareholders, subject to the following limitations:  (1) If the board is authorized by the by-laws to change the number  of directors, whether by amending the by-laws or by taking action under the specific  provisions  of  a  by-law  adopted  by  the shareholders, such amendment or action shall require the vote of a majority of  the  entire board.  (2) No decrease shall shorten the term of any incumbent director.
NY Bus Corp L § 703 (2021)
2021 New York Laws BSC - Business Corporation Article 7 - Directors and Officers 703 - Election and Term of Directors.

§ 703. Election and term of directors.  (a) At each annual meeting of shareholders, directors shall be elected to  hold  office  until  the next annual meeting except as authorized by section  704  (Classification  of   directors).   The   certificate   of incorporation  may  provide for the election of one or more directors by the holders of the shares of any class or series, or by the  holders  of bonds  entitled to vote in the election of directors pursuant to section 518 (Corporate bonds), voting as a class.  (b) Each director shall hold office until the expiration of  the  term for  which  he  is elected, and until his successor has been elected and qualified.
NY Bus Corp L § 704 (2021)
2021 New York Laws BSC - Business Corporation Article 7 - Directors and Officers 704 - Classification of Directors.

§ 704. Classification of directors.  (a) The  certificate  of incorporation or the specific provisions of a by-law adopted by the shareholders may provide  that  the  directors  be divided  into either two, three or four classes. All classes shall be as nearly equal in number  as  possible.    The  terms  of  office  of  the directors  initially  classified  shall be as follows: that of the first class shall expire at the  next  annual  meeting  of  shareholders,  the second  class  at the second succeeding annual meeting, the third class, if any, at the third succeeding annual meeting, and the fourth class, if any, at the fourth succeeding annual meeting.  (b) At  each  annual  meeting  after  such   initial   classification, directors  to  replace  those  whose terms expire at such annual meeting shall be elected to hold  office  until  the  second  succeeding  annual meeting if there are two classes, the third succeeding annual meeting if there  are  three  classes,  or  the fourth succeeding annual meeting if there are four classes.  (c) If directors  are  classified  and  the  number  of  directors  is thereafter changed:  (1) Any  newly  created directorships or any decrease in directorships shall be so apportioned among the classes as  to  make  all  classes  as nearly equal in number as possible.  (2) When  the  number  of  directors is increased by the board and any newly created directorships are filled by the board, there shall  be  no classification of the additional directors until the next annual meeting of shareholders.
NY Bus Corp L § 705 (2021)
2021 New York Laws BSC - Business Corporation Article 7 - Directors and Officers 705 - Newly Created Directorships and Vacancies.

§ 705. Newly created directorships and vacancies.  (a) Newly  created  directorships  resulting  from  an increase in the number of directors and vacancies occurring in the board for any  reason except  the  removal of directors without cause may be filled by vote of the board. If the number of the directors then in office is less than  a quorum,  such newly created directorships and vacancies may be filled by vote of a majority of the directors then  in  office.  Nothing  in  this paragraph shall affect any provision of the certificate of incorporation or  the  by-laws which provides that such newly created directorships or vacancies shall be filled by vote of the shareholders, or any  provision of  the  certificate of incorporation specifying greater requirements as permitted under section 709 (Greater requirements as to quorum and  vote of directors).  (b) Unless the certificate of incorporation or the specific provisions of  a by-law adopted by the shareholders provide that the board may fill vacancies occurring in the board by reason of the removal  of  directors without  cause,  such  vacancies  may  be  filled  only  by  vote of the shareholders.  (c) A director elected to  fill  a  vacancy,  unless  elected  by  the shareholders,  shall  hold office until the next meeting of shareholders at which the election of directors is in the regular order of  business, and until his successor has been elected and qualified.  (d)  Unless  otherwise provided in the certificate of incorporation or by-laws, notwithstanding the provisions of paragraphs  (a)  and  (b)  of this  section, whenever the holders of any class or classes of shares or series thereof are entitled to  elect  one  or  more  directors  by  the certificate  of  incorporation,  any  vacancy  that may be filled by the board or a majority of the directors then in office, as the case may be, shall be filled by a majority of the directors elected by such class  or classes  or series thereof then in office, or, if no such director is in office, then as provided in paragraph (a) or (b) of this section, as the case may be.
NY Bus Corp L § 706 (2021)
2021 New York Laws BSC - Business Corporation Article 7 - Directors and Officers 706 - Removal of Directors.

§ 706. Removal of directors.  (a) Any  or  all  of the directors may be removed for cause by vote of the shareholders. The  certificate  of  incorporation  or  the  specific provisions  of a by-law adopted by the shareholders may provide for such removal by action of the board, except  in  the  case  of  any  director elected  by  cumulative  voting,  or by the holders of the shares of any class or series, or holders  of  bonds,  voting  as  a  class,  when  so entitled by the provisions of the certificate of incorporation.  (b) If the certificate of incorporation or the by-laws so provide, any or  all  of  the  directors  may be removed without cause by vote of the shareholders.  (c) The removal of directors, with or without cause,  as  provided  in paragraphs (a) and (b) is subject to the following:  (1) In the case of a corporation having cumulative voting, no director may  be  removed  when  the  votes  cast  against  his  removal would be sufficient to elect him if voted cumulatively at an  election  at  which the  same  total  number of votes were cast and the entire board, or the entire class of directors of which he  is  a  member,  were  then  being elected; and  (2) When  by  the  provisions  of the certificate of incorporation the holders of the shares of any class  or  series,  or  holders  of  bonds, voting  as  a  class,  are  entitled to elect one or more directors, any director so elected may be removed only by the applicable  vote  of  the holders  of  the  shares of that class or series, or the holders of such bonds, voting as a class.  (d) An action to procure a judgment removing a director for cause  may be  brought  by the attorney-general or by the holders of ten percent of the outstanding shares, whether or not entitled to vote. The  court  may bar  from  re-election any director so removed for a period fixed by the court.
NY Bus Corp L § 707 (2021)
2021 New York Laws BSC - Business Corporation Article 7 - Directors and Officers 707 - Quorum of Directors.

§ 707. Quorum of directors.Unless  a  greater  proportion  is  required  by  the  certificate  of   incorporation, a majority of the entire board shall constitute a  quorum   for  the  transaction  of business or of any specified item of business,   except that the certificate of incorporation or the by-laws may fix  the   quorum  at  less  than  a majority of the entire board but not less than   one-third thereof.
NY Bus Corp L § 709 (2021)
2021 New York Laws BSC - Business Corporation Article 7 - Directors and Officers 709 - Greater Requirement as to Quorum and Vote of Directors.

§ 709. Greater requirement as to quorum and vote of directors.  (a) The certificate of incorporation may contain provisions specifying either or both of the following:  (1) That  the  proportion  of directors that shall constitute a quorum for the transaction of business or of any  specified  item  of  business shall  be  greater than the proportion prescribed by this chapter in the absence of such provision.  (2) That the proportion of votes of directors that shall be  necessary for  the  transaction  of  business or of any specified item of business shall be greater than the proportion prescribed by this chapter  in  the absence of such provision.  (b) (1) An amendment of the certificate of incorporation which changes or strikes out a provision permitted by this section shall be authorized at a meeting of shareholders by (A) (i) for any corporation in existence on  the effective date of subparagraph (2) of this paragraph, two-thirds of the votes of all outstanding shares entitled  to  vote  thereon,  and (ii)  for  any  corporation  in  existence on the effective date of this clause the certificate of incorporation of which expressly provides such and for  any  corporation  incorporated  after  the  effective  date  of subparagraph  (2)  of  this  paragraph,  a  majority of the votes of all outstanding shares entitled to vote thereon or (B) in either case,  such greater  proportion of votes of shares, or votes of a class or series of shares,  as  may  be  provided  specifically  in  the   certificate   of incorporation for changing or striking out a provision permitted by this section.  (2)  Any  corporation  may  adopt  an  amendment of the certificate of incorporation in accordance with any applicable clause or  subclause  of subparagraph (1) of this paragraph to provide that any further amendment of  the  certificate  of  incorporation  that  changes  or strikes out a provision permitted by this section shall be authorized at a meeting  of the  shareholders  by a specified proportion of the votes of the shares, or particular class or series  of  shares,  entitled  to  vote  thereon, provided that such proportion may not be less than a majority.
NY Bus Corp L § 710 (2021)
2021 New York Laws BSC - Business Corporation Article 7 - Directors and Officers 710 - Place and Time of Meetings of the Board.

§ 710. Place and time of meetings of the board.Meetings  of  the  board, regular or special, may be held at any place   within  or  without  this  state,  unless  otherwise  provided  by   the   certificate  of  incorporation  or  the  by-laws. The time and place for   holding meetings of the board may be fixed by or under the by-laws,  or,   if not so fixed, by the board.
NY Bus Corp L § 711 (2021)
2021 New York Laws BSC - Business Corporation Article 7 - Directors and Officers 711 - Notice of Meetings of the Board.

§ 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. Special meetings of the board shall be held upon notice to the directors.  (b) The by-laws may prescribe what shall constitute notice of  meeting of  the  board.  A  notice,  or  waiver  of notice, need not specify the purpose of any regular or special meeting of the board, unless  required by the by-laws.  (c) Notice  of a meeting need not be given to any director who submits a signed waiver of notice whether before or after the  meeting,  or  who attends  the  meeting  without  protesting,  prior  thereto  or  at  its commencement, the lack of notice to him.  (d) A majority of the directors present, whether or not  a  quorum  is present,  may  adjourn  any  meeting  to  another time and place. If the by-laws so provide, notice of any adjournment of a meeting of the  board to  another  time  or place shall be given to the directors who were not present at the time of the adjournment and, unless such time  and  place are announced at the meeting, to the other directors.
NY Bus Corp L § 712 (2021)
2021 New York Laws BSC - Business Corporation Article 7 - Directors and Officers 712 - Executive Committee and Other Committees.

§ 712. Executive committee and other committees.  (a) If the certificate of incorporation or the by-laws so provide, the board,  by  resolution  adopted  by  a majority of the entire board, may designate from among  its  members  an  executive  committee  and  other committees, each consisting of one or more directors, and each of which, to  the  extent  provided  in  the  resolution  or in the certificate of incorporation or by-laws, shall have all the  authority  of  the  board, except  that  no such committee shall have authority as to the following matters:  (1)  The  submission  to  shareholders  of  any  action   that   needs shareholders' approval under this chapter.  (2)  The  filling  of  vacancies  in  the board of directors or in any committee.  (3) The fixing of compensation of the directors  for  serving  on  the board or on any committee.  (4)  The  amendment  or  repeal of the by-laws, or the adoption of new by-laws.  (5) The amendment or repeal of any resolution of the  board  which  by its terms shall not be so amendable or repealable.  (b) The board may designate one or more directors as alternate members of any such committee, who may replace any absent or disqualified member or members at any meeting of such committee.  (c)  Each such committee shall serve at the pleasure of the board. The designation of any such committee, the delegation thereto of  authority, or  action  by  any  such committee pursuant to such authority shall not alone constitute performance by any member of the board  who  is  not  a member  of  the  committee  in  question, of his duty to the corporation under section 717 (Duty of directors).