New York § 90 - 90Net retained proceeds or losses; distribution and payment
Full text of New York New York Consolidated Laws § 90 — 90Net retained proceeds or losses; distribution and payment, with citation guidance and answers to common questions.
§ 90. 90Net retained proceeds or losses; distribution and payment
§ 90. Net retained proceeds or losses; distribution and payment. 1. The net retained proceeds or losses of a worker cooperative shall be apportioned and distributed at such times and in such manner as the certificate of incorporation or by-laws shall specify. Net retained proceeds declared as patronage allocations with respect to a period of time, and paid or credited to members, shall be apportioned among the members in accordance with the ratio which each member's patronage during the period involved bears to total patronage by all members during that period. As used in this article, "patronage" means the amount of work performed as a member of a worker cooperative, measured in accordance with the certificate of incorporation and by-laws. 2. The apportionment, distribution and payment of net retained proceeds required by subdivision one of this section may be in cash, credits, written notices of allocation, or capital stock issued by the worker cooperative.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 90
What does New York Consolidated Laws § 90 cover?
Section 90 ("90Net retained proceeds or losses; distribution and payment") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 90?
A common citation format is "New York Consolidated Laws § 90" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 90 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.