N.Y. Transportation Corporations Law § 5: Application

§ 5. Application. A corporation heretofore or hereafter incorporated

under a general law for a purpose or purposes for which a corporation

may be formed under this chapter shall in respect to such purpose or

purposes have all the powers and privileges conferred, and be subject to

all the duties, liabilities and limitations imposed, on a corporation

organized for such purpose or purposes under this chapter. Any

corporation heretofore incorporated under a general law for any one or

more of the purposes specified in this chapter, may exercise the powers

now possessed by it to carry on any business in which it now may

lawfully engage. A corporation heretofore incorporated under or by

special law for such purpose or purposes shall in respect to such

purpose or purposes have all the powers and privileges conferred, and be

subject to the duties, liabilities and limitations imposed by this

chapter, in so far as such duties, liabilities and limitations are not

inconsistent with such special law.