N.Y. Coop. Corp. Law § 120 Organization

• Library: New York Statutes
• Edition: 2023
• Currency: Current through 2023 NY Law Chapter 679

A cooperative corporation may be organized as an agency, subsidiary or holding corporation to assist, further and finance other cooperative corporations in their corporate purposes and activities. A credit corporation may be organized solely for the purpose of acting as an agency to enable cooperative corporations, organized or operating under this chapter and the members or stockholders thereof, to obtain loans from the federal intermediate credit bank under and pursuant to an act of congress approved March fourth, nineteen hundred and twenty-three, known as the agricultural credits act of nineteen hundred and twenty-three, same being chapter eight of title twelve of the code of laws of the United States as adopted by congress Ju...