New York §1001

Authorization of dissolution

Statute:
New York §1001 · Law NPC (Not-for-Profit Corporation Law)
Topic:
Governance & Powers · Dissolution
Applies to:
Nonprofit associations

A corporation may be dissolved non-judicially by a plan of dissolution approved by the board and the members.

dissolution; authorization; members; board

📄 Read the official text at nysenate.gov →

How SoShiny helps with Authorization of dissolution

SoShiny stores your bylaws and governing documents in a searchable library with role-based access, so the board sees one thing and members see another. Every edit is timestamped in the audit log — the documentation Florida regulators and a court expect when a board action is later questioned.

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Related sections in Law NPC

Frequently asked

What does New York §1001 require?
A corporation may be dissolved non-judicially by a plan of dissolution approved by the board and the members.
Who does New York §1001 apply to?
New York §1001 applies to Nonprofit associations in New York.
What happens if our co-op or condo doesn't comply with §1001?
Non-compliance with this New York statute can expose the association and its officers to private civil suit, and (for offering-plan / sponsor matters under GBS) to enforcement action by the New York Attorney General's Real Estate Finance Bureau. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
Where can I read the official text of New York §1001?
The official text is published by the New York State Legislature at nysenate.gov. The summary on this page is for plain-English reference only and is not legal advice.
How does SoShiny help with Authorization of dissolution?
SoShiny stores your bylaws and governing documents in a searchable library with role-based access, so the board sees one thing and members see another. Every edit is timestamped in the audit log — the documentation Florida regulators and a court expect when a board action is later questioned. Learn more →

Not legal advice. This page is a plain-English summary of New York §1001 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a New York-licensed attorney. For the official statutory text, see the link above.

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