Who does New York §102 apply to?

New York §102 applies to Nonprofit associations in New York.

What happens if our co-op or condo doesn't comply with §102?

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 §102?

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.

New York §102

Definitions

Statute:: New York §102 · Law NPC (Not-for-Profit Corporation Law)
Topic:: Definitions · Glossary
Applies to:: Nonprofit associations

Defines key terms used across the N-PCL, including corporation, member, director, certificate of incorporation, and bylaws.

definitions; corporation; member; director; type b; type c

📄 Read the official text at nysenate.gov →

How SoShiny helps with Definitions

SoShiny implements these statutory definitions across the platform — when a section refers to "unit owner," "member," "voting interest," or "official record," SoShiny uses the same definition in the data model.

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Frequently asked

What does New York §102 require?: Defines key terms used across the N-PCL, including corporation, member, director, certificate of incorporation, and bylaws.
Who does New York §102 apply to?: New York §102 applies to Nonprofit associations in New York.
What happens if our co-op or condo doesn't comply with §102?: 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 §102?: 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 Definitions?: SoShiny implements these statutory definitions across the platform — when a section refers to "unit owner," "member," "voting interest," or "official record," SoShiny uses the same definition in the data model. Learn more →

Not legal advice. This page is a plain-English summary of New York §102 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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