N.Y. Business Corporation Law § 1302: Application to existing authorized foreign corporations

§ 1302. Application to existing authorized foreign corporations.

Every foreign corporation which on the effective date of this chapter

is authorized to do business in this state under a certificate of

authority heretofore issued to it by the secretary of state shall

continue to have such authority. Such foreign corporation, its

shareholders, directors and officers shall have the same rights,

franchises and privileges and shall be subject to the same limitations,

restrictions, liabilities and penalties as a foreign corporation

authorized under this chapter, its shareholders, directors and officers

respectively. Reference in this chapter to an application for authority

shall, unless the context otherwise requires, include the statement and

designation and any amendment thereof required to be filed by the

secretary of state under prior statutes to obtain a certificate of

authority.