{"data":{"id":"us-ny/n.y.-business-corporation-law-1506","jurisdiction":"us-ny","citation":"N.Y. Business Corporation Law § 1506","heading":"Purposes of incorporation","body":"§ 1506. Purposes of incorporation.\n  No professional service corporation or design professional service\ncorporation shall engage in any business other than the rendering of the\nprofessional services for which it was incorporated; provided that such\ncorporation may invest its funds in real estate, mortgages, stocks,\nbonds or any other type of investments.","path":["Business Corporation Law","Article 15. Professional Service Corporations"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BSC/1506","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"d6a14197db56ee03d1ae24eccc9c417a94e9f7ca3eaafeabbf55b67ca2fe4144","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-business-corporation-law-1505","next":"us-ny/n.y.-business-corporation-law-1507"},"notice":"GroundRules: Original legal text. Not legal advice."}