N.Y. PBS Law § 5-B
This is the official text of N.Y. PBS Law § 5-B, part of New York’s PBS Law — part of the compiled statutory law of New York, published by the state as "PBS Law." Browse the sections below, each linked to its official government source.
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Corporations subject to chapter although not transacting business
Official statutory text
§ 5-b. Corporations subject to chapter although not transacting\nbusiness. Corporations formed to acquire property or to transact\nbusiness which would be subject to the provisions of this chapter, and\ncorporations possessing franchises for any of the purposes contemplated\nby this chapter, shall be deemed to be subject to the provisions of this\nchapter although no property may have been acquired, business transacted\nor franchises exercised.\n
Status: in_force · Read it on the official government site
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