Mental Hygiene Law § 75.15 · Article 75. Community Mental Health Services and Developmental Disabilities Services Companies
Members, officers, and directors
Text — Law content up to date as of June 26, 2026, as published by the New York State Senate (Open Legislation)
§ 75.15 Members, officers, and directors.
No member or director of a company shall receive any salary or other compensation for services as such member or director, other than reimbursement of actual and necessary expenses incurred in the performance of his duties. No member, officer, or employee of a company shall acquire any interest, direct or indirect, in any property then or thereafter included or planned to be included in a project, nor retain any interest, direct or indirect in any property acquired subsequent to his appointment or employment which is later included or planned to be included in a project. If any member, officer, or employee of any company owns or controls an interest, direct or indirect, in any property included in a project, which was acquired prior to his appointment or employment, he shall disclose such interest and the date of acquisition thereof in writing to the company and such disclosure shall be entered upon the minutes of the company.
Source of truth
- Edition
- Law content up to date as of June 26, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/MHY75.15
- Text hash
- sha256 e0e6b83a3fcbdc54e9c8ceb0e86ed37da9156a9426ed8baf6a2a8a84b5232948
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.