State Codes and Statutes

Statutes > New-york > Pvh > Article-7-a > 356

§  356.  Members;  officers  and directors. No member or director of a  company shall receive any salary or other compensation for  services  as  such  member  or  director,  other  than  reimbursement  of  actual  and  necessary expenses incurred in the performance of his duties. No member,  officer, or employee of a company shall acquire any interest, direct  or  indirect,  in  any property then or thereafter included or planned to be  included in a project, nor retain any interest, direct  or  indirect  in  any  property acquired subsequent to his appointment or employment which  is later included or planned to be included in a project. If any member,  officer or employee of any company owns or controls an interest,  direct  or  indirect,  in any property included in a project, which was acquired  prior to his appointment or employment, he shall disclose such  interest  and  the  date of acquisition thereof in writing to the company and such  disclosure shall be entered upon the minutes of the company.

State Codes and Statutes

Statutes > New-york > Pvh > Article-7-a > 356

§  356.  Members;  officers  and directors. No member or director of a  company shall receive any salary or other compensation for  services  as  such  member  or  director,  other  than  reimbursement  of  actual  and  necessary expenses incurred in the performance of his duties. No member,  officer, or employee of a company shall acquire any interest, direct  or  indirect,  in  any property then or thereafter included or planned to be  included in a project, nor retain any interest, direct  or  indirect  in  any  property acquired subsequent to his appointment or employment which  is later included or planned to be included in a project. If any member,  officer or employee of any company owns or controls an interest,  direct  or  indirect,  in any property included in a project, which was acquired  prior to his appointment or employment, he shall disclose such  interest  and  the  date of acquisition thereof in writing to the company and such  disclosure shall be entered upon the minutes of the company.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pvh > Article-7-a > 356

§  356.  Members;  officers  and directors. No member or director of a  company shall receive any salary or other compensation for  services  as  such  member  or  director,  other  than  reimbursement  of  actual  and  necessary expenses incurred in the performance of his duties. No member,  officer, or employee of a company shall acquire any interest, direct  or  indirect,  in  any property then or thereafter included or planned to be  included in a project, nor retain any interest, direct  or  indirect  in  any  property acquired subsequent to his appointment or employment which  is later included or planned to be included in a project. If any member,  officer or employee of any company owns or controls an interest,  direct  or  indirect,  in any property included in a project, which was acquired  prior to his appointment or employment, he shall disclose such  interest  and  the  date of acquisition thereof in writing to the company and such  disclosure shall be entered upon the minutes of the company.