N.Y. Business Corporation Law § 1305: Application for authority; effect

§ 1305. Application for authority; effect.

Upon filing by the department of state of the application for

authority the foreign corporation shall be authorized to do in this

state any business set forth in the application. Such authority shall

continue so long as it retains its authority to do such business in the

jurisdiction of its incorporation and its authority to do business in

this state has not been surrendered, suspended or annulled in accordance

with law.