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Shall publish annual Benefit Report in accordance with recognized third party standards for defining, reporting, and assessing social and environmental performance; Benefit Report delivered to: 1) all shareholders; and 2) public website with exclusion of proprietary data; Right of action. Only shareholders and directors have right of action
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....
Retrieved from "https://en.wikipedia.org/w/index.php?title=New_York_State_public_benefit_corporation&oldid=303611158"
The average cost of groceries in New York is $4,994 and utilities are $4,363 a year according to the study by GOBankingRates. 4. Transportation Costs May Steer You Toward Debt
New York state public-benefit corporations are commonly used by the state government to perform a specific purpose, such as investment in infrastructure or regulation of horse racing. These corporations are frequently referred to as authorities .
The dissolution of New York LLCs is governed by Article 7 of the New York Limited Liability Company Law (LLCL). Section 702 thereof provides that, as one ground, judicial dissolution may be ...
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