Cooperative Corporations Law

N.Y. Cooperative Corporations Law (CCO)

New York's general statute for the formation, governance, and dissolution of cooperative corporations (Chapter 77 of the Consolidated Laws). It provides the corporate framework — certificate of incorporation, by-laws, members and meetings, and directors and officers — under which cooperative corporations are organized. While the statute is the namesake authority for the cooperative corporate form, the overwhelming majority of New York (including NYC) residential housing cooperative ('co-op apartment') corporations are instead organized under the Business Corporation Law.