New York: Can Non-Profit have non-voting members?
This is a discussion on New York: Can Non-Profit have non-voting members? within the Starting a Business forum, part of the BUSINESS & FINANCE LAW category; Can a New York State non-profit have two classes of members, voting and non-voting? Or do all members have to ...
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#1 |
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Junior Member
Join Date: Oct 2008
Posts: 1
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Can a New York State non-profit have two classes of members, voting and non-voting? Or do all members have to be able to vote?
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#2 |
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Guest
Posts: n/a
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There can be multiple classes, and to determine who can vote the Certificate
of Incorporation or By-laws should be referenced. Chapter 35 shall be known as the "Not-for-Profit Corporation Law" and may be cited as "N-PCL". Mckinney's Consolidated Laws of New York Annotated Chapter 35 Article 6 *§ 612. Limitations on right to vote *The certificate of incorporation or the by-laws may provide, either absolutely or contingently, that the members of any class shall not be entitled to vote, or it may limit or define the matters on, and the circumstances in, which a member or a class of members shall be entitled to vote, and, except as otherwise provided in this chapter, such provisions of the certificate of incorporation or the by-laws shall prevail, according to their tenor, in all elections and in all proceedings, over the provisions of this chapter which authorize any action by the members, but no such denial, limitation or definition of voting rights shall be effective unless at the time one or more classes of members, singly or in the aggregate, are entitled to full voting rights. |
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#3 |
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Guest
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...but of course always confirm your details with counsel before acting.
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#4 |
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Junior Member
Join Date: Oct 2008
Posts: 1
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It is better to have a board of directors and a managing director. Regarding voting rights, let all be given the right.
Last edited by wld_team; Oct 20th, 2008 at 01:34 PM. |
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