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Statutes » New York » BSC Law » Article 7

N.Y. BSC Law § 702

This is the official text of N.Y. BSC Law § 702, part of New York’s BSC Law — part of the compiled statutory law of New York, published by the state as "BSC Law." Browse the sections below, each linked to its official government source.

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Number of directors

Official statutory text

§ 702. Number of directors.\n (a) The board of directors shall consist of one or more members. The\nnumber of directors constituting the board may be fixed by the by-laws,\nor by action of the shareholders or of the board under the specific\nprovisions of a by-law adopted by the shareholders. If not otherwise\nfixed under this paragraph, the number shall be one. As used in this\narticle, "entire board" means the total number of directors which the\ncorporation would have if there were no vacancies.\n (b) The number of directors may be increased or decreased by amendment\nof the by-laws, or by action of the shareholders or of the board under\nthe specific provisions of a by-law adopted by the shareholders, subject\nto the following limitations:\n (1) If the board is authorized by the by-laws to change the number of\ndirectors, whether by amending the by-laws or by taking action under the\nspecific provisions of a by-law adopted by the shareholders, such\namendment or action shall require the vote of a majority of the entire\nboard.\n (2) No decrease shall shorten the term of any incumbent director.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.