9 CRR-NY 1725-3.2NY-CRR
STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 9. EXECUTIVE DEPARTMENT
SUBTITLE S. DIVISION OF HOUSING AND COMMUNITY RENEWAL
CHAPTER IV. STATE-ASSISTED HOUSING CONSTRUCTED BY PRIVATE ENTERPRISE
SUBCHAPTER C. HOUSING COMPANY MANAGEMENT
PART 1725. GENERAL ADMINISTRATION
SUBPART 1725-3. HOUSING COMPANY MEETINGS
9 CRR-NY 1725-3.2
9 CRR-NY 1725-3.2
1725-3.2 Organization of board of directors.
(a) The board shall consist of the authorized number of directors; one additional director may be appointed by the division, unless otherwise required under article IV of the Private Housing Finance Law. At the first annual meeting of stockholders, directors will be elected to serve for terms of one, two or three years, designated so that the terms of approximately one third of the total directors, exclusive of the division's designee, will expire in any one year. Thereafter, directors will be elected for a three-year term, except when the election is for an unexpired term.
(b) The board shall elect officers, as prescribed in the bylaws, at the first board meeting after the annual stockholders meeting.
9 CRR-NY 1725-3.2
Current through September 15, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.