New York ACA Code § 55.19

Members and employees not to profit
Open in Lexace · Ask the AI about this section
§ 55.19. Members and employees not to profit. No officer, member or\nemployee of the trust shall receive or may be lawfully entitled to\nreceive any pecuniary profit from the operation thereof except\nreasonable compensation for services in effecting one or more of its\npurposes herein set forth.\n

‹ Prev All New York sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.