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Can you summarize NYCL BNK Article 15?
Banking > General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
Short Summary
The provided legal document content covers various aspects related to stockholders and their rights in corporations, banking stock corporations, limited liability investment companies, and limited liability trust companies. It includes provisions governing stockholders’ derivative actions, preemptive rights, security for expenses in derivative actions, personal liability of stockholders, treatment of infant securityholders, maintenance of books and records, enforcement of the right to receive payment for shares, voting rights, class voting, quorum and vote requirements, action by written consent, voting by proxy, determination of stockholders entitled to various actions, notice requirements for meetings, duties of inspectors at meetings, election of directors at special meetings, meetings of stockholders, and by-laws. These documents apply to stockholders of the mentioned entities and provide guidelines and regulations for their rights, responsibilities, and actions. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Stockholders of banking stock corporations, limited liability investment companies, and limited liability trust companies
What does it govern?
Various aspects related to stockholders and their rights in corporations, banking stock corporations, limited liability investment companies, and limited liability trust companies
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
New York