N.Y. Not-for-Profit 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 conduct activities 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 members,

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 members, directors, and officers respectively. A

foreign corporation may by amendment to its certificate of authority set

forth whether it is a charitable corporation or a non-charitable

corporation and in the absence of such amendment an authorized foreign

corporation shall be a charitable corporation. 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.