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New York · Through 2026-09-11

N.Y. Business Corporation Law § 201: Purposes

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Where this section sits in the code
  1. Business Corporation Law
  2. Article 2. Corporate Purposes and Powers

§ 201. Purposes.

(a) A corporation may be formed under this chapter for any lawful

business purpose or purposes except to do in this state any business for

which formation is permitted under any other statute of this state

unless such statute permits formation under this chapter. If,

immediately prior to the effective date of this chapter, a statute of

this state permitted the formation of a corporation under the stock

corporation law for a purpose or purposes specified in such other

statute, such statute shall be deemed and construed to permit formation

of such corporation under this chapter, and any conditions, limitations

or restrictions in such other statute upon the formation of such

corporation under the stock corporation law shall apply to the formation

thereof under this chapter.

(b) The approval of the industrial board of appeals is required for

the filing with the department of state of any certificate of

incorporation, certificate of merger or consolidation or application of

a foreign corporation for authority to do business in this state which

states as the purpose or one of the purposes of the corporation the

formation of an organization of groups of working men or women or wage

earners, or the performance, rendition or sale of services as labor

consultant or as advisor on labor-management relations or as arbitrator

or negotiator in labor-management disputes.

(c) In time of war or other national emergency, a corporation may do

any lawful business in aid thereof, notwithstanding the purpose or

purposes set forth in its certificate of incorporation, at the request

or direction of any competent governmental authority.

(d) A corporation whose statement of purposes specifically includes

the establishment or operation of a child day care center, as that term

is defined in section three hundred ninety of the social services law,

shall provide a certified copy of the certificate of incorporation, each

amendment thereto, and any certificate of merger, consolidation or

dissolution involving such corporation to the office of children and

family services within thirty days after the filing of such certificate,

amendment, merger, consolidation or dissolution with the department of

state. This requirement shall also apply to any foreign corporation

filing an application for authority under article thirteen of this

chapter, any amendments thereto, and any surrender of authority or

termination of authority in this state of such corporation.

(e) A corporation may not include as its purpose or among its purposes

the establishment or maintenance of a hospital or facility providing

health related services, as those terms are defined in article

twenty-eight of the public health law unless its certificate of

incorporation shall so state and such certificate shall have annexed

thereto the approval of the public health and health planning council.

Collected 2026-09-14T19:32:44Z. Source file · JSON

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