N.Y. Not-for-Profit Corporation Law § 507: Fees, dues and assessments; fines and penalties

§ 507. Fees, dues and assessments; fines and penalties.

(a) If authorized by its certificate of incorporation or by-laws and

subject to any limitations stated therein a corporation may levy

initiation fees, dues and assessments on its members, whether or not

they are voting members, and may impose reasonable fines or other

penalties upon its members for violations of its rules and regulations.

(b) Initiation fees, dues or assessments may be levied on all classes

of members alike or in different amounts or proportions for different

classes of members, as the certificate of incorporation or the by-laws

may provide, but in all cases the fees, dues and assessments payable by

members of one class shall be determined upon the same basis.

(c) The certificate of incorporation or the by-laws may contain such

provisions as are deemed necessary to enforce the collection of fees,

dues, assessments, fines or other penalties, including provisions for

the termination of membership, upon reasonable notice, for non-payment

of such fees, dues, assessments, fines or other penalties, and

provisions for reinstatement of membership.

(d) Subject to the provisions of this chapter, the certificate of

incorporation may provide that members paying initiation fees, dues or

assessments shall, upon dissolution of the corporation, have

distributive rights in its assets. The distributive rights may be

different for different classes of members, but in all cases the rights

of members of one class shall be the same.