New York Not-for-Profit Corporation Code § 204

Limitation on activities
Open in Lexace · Ask the AI about this section
§ 204. Limitation on activities.\n  Notwithstanding any other provision of this chapter or any other\ngeneral law, a corporation of any kind to which this chapter applies\nshall conduct no activities for pecuniary profit or financial gain,\nwhether or not in furtherance of its corporate purposes, except to the\nextent that such activity supports its other lawful activities then\nbeing conducted.\n

‹ Prev All New York sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.