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New York · Through 2026-09-11

N.Y. Not-for-Profit Corporation Law § 508: Income from corporate activities

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Where this section sits in the code
  1. Not-for-Profit Corporation Law
  2. Article 5. Corporate Finance

§ 508. Income from corporate activities.

A corporation whose lawful activities involve among other things the

charging of fees or prices for its services or products shall have the

right to receive such income and, in so doing, may make an incidental

profit. All such incidental profits shall be applied to the maintenance,

expansion or operation of the lawful activities of the corporation, and

in no case shall be divided or distributed in any manner whatsoever

among the members, directors, or officers of the corporation.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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