New York §703

Election and term of office of directors; alternates

Statute:
New York §703 · Law NPC (Not-for-Profit Corporation Law)
Topic:
Officers & Directors · Election
Applies to:
Nonprofit associations

Directors are elected by the members at the annual meeting for terms of one year unless the bylaws provide for staggered terms of up to four years.

election; term; one year; alternates; staggered

📄 Read the official text at nysenate.gov →

How SoShiny helps with Election and term of office of directors; alternates

SoShiny keeps your board roster, officer titles (President, VP, Secretary, Treasurer, Director), and election history current in one place — so the statutory requirement to identify directors and officers is always one click away.

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Related sections in Law NPC

Frequently asked

What does New York §703 require?
Directors are elected by the members at the annual meeting for terms of one year unless the bylaws provide for staggered terms of up to four years.
Who does New York §703 apply to?
New York §703 applies to Nonprofit associations in New York.
What happens if our co-op or condo doesn't comply with §703?
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 §703?
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 Election and term of office of directors; alternates?
SoShiny keeps your board roster, officer titles (President, VP, Secretary, Treasurer, Director), and election history current in one place — so the statutory requirement to identify directors and officers is always one click away. Learn more →

Not legal advice. This page is a plain-English summary of New York §703 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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