§ 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
‹ 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.