N.Y. CCO Law § 60
This is the official text of N.Y. CCO Law § 60, part of New York’s CCO Law — part of the compiled statutory law of New York, published by the state as "CCO Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Directors; terms; election; duties
Official statutory text
§ 60. Directors; terms; election; duties. Except as otherwise provided\nin this chapter, the board of directors shall be divided, as nearly\nequally as practicable, into three classes. At the first annual meeting,\nthe members shall elect from among themselves a director or directors of\nthe first class for a term of one year; of the second class for a term\nof two years; and of the third class for a term of three years. At the\nexpiration of the respective terms, successors shall be elected for\nterms of three years. Successor directors of corporations to which this\nchapter applies, which were formed under the stock corporation law prior\nto January first, nineteen hundred fifty-four, need not be members.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
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.