N.Y. CCO Law § 94
This is the official text of N.Y. CCO Law § 94, 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.
Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger
Official statutory text
§ 94. Conversion of membership shares and internal capital accounts\nupon revocation of election; consolidation or merger. When any worker\ncooperative revokes its election in accordance with section eighty-six\nof this article, an amendment of the certificate of incorporation shall\nprovide for conversion of membership shares and internal capital\naccounts or their conversion to securities or other property in a manner\nconsistent with the provisions of the business corporation law.\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.