New York § 703 - 703Election and term of directors
Full text of New York New York Consolidated Laws § 703 — 703Election and term of directors, with citation guidance and answers to common questions.
§ 703. 703Election and term of directors
§ 703. Election and term of directors. (a) At each annual meeting of shareholders, directors shall be elected to hold office until the next annual meeting except as authorized by section 704 (Classification of directors). The certificate of incorporation may provide for the election of one or more directors by the holders of the shares of any class or series, or by the holders of bonds entitled to vote in the election of directors pursuant to section 518 (Corporate bonds), voting as a class. (b) Each director shall hold office until the expiration of the term for which he is elected, and until his successor has been elected and qualified.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 703
What does New York Consolidated Laws § 703 cover?
Section 703 ("703Election and term of directors") 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 § 703?
A common citation format is "New York Consolidated Laws § 703" (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 § 703 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.