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The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
New York courts are frequently called upon to resolve disputes over whether a limited liability corporation (LLC) should be dissolved. The dissolution of New York LLCs is governed by Article 7 of ...
The Uniform Limited Liability Company Act (ULLCA), which includes a 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of limited liability companies (often called LLCs) by U.S. states.
Division of Consumer Protection, previously the New York State Consumer Protection Board, which provides direct assistance and intervention to resolve marketplace complaints, mitigates the consequences of identity theft and frauds, advocates for greater consumer rights and remedies before state and federal regulators, represents consumers at ...
Judicial dissolution, informally called the corporate death penalty, is a legal procedure in which a corporation is forced to dissolve or cease to exist. Dissolution is the revocation of a corporation's charter for significant harm to society. [ 2 ]
The office of the secretary of state of New York was established in 1778, and is one of the oldest government agencies of the state of New York. Until 1822, the secretary of state was appointed by the Council of Appointment for an indefinite term, [6] but could be substituted at any time, especially if the majority party in the council changed ...
The New York State Assembly Legislative session is a cycle that takes place from the first month of the year up until a budget has been published by both houses. According to the New York State Legislative Calendar, session convenes January 9th throughout June 19th. [12]
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