N.Y. General Associations Law § 3: Contents of articles of association

§ 3. Contents of articles of association. The articles of association

of a joint-stock association may:

1. Provide that the death of a stockholder thereof, or the transfer

of his shares of stock therein, shall not work a dissolution of the

association;

2. Prescribe the number of its directors, not less than three, to

have the sole management of its affairs;

3. Contain any other provision for the management of its affairs not

inconsistent with law.