{"data":{"id":"us-ny/n.y.-not-for-profit-corporation-law-508","jurisdiction":"us-ny","citation":"N.Y. Not-for-Profit Corporation Law § 508","heading":"Income from corporate activities","body":"§ 508. Income from corporate activities.\n  A corporation whose lawful activities involve among other things the\ncharging of fees or prices for its services or products shall have the\nright to receive such income and, in so doing, may make an incidental\nprofit. All such incidental profits shall be applied to the maintenance,\nexpansion or operation of the lawful activities of the corporation, and\nin no case shall be divided or distributed in any manner whatsoever\namong the members, directors, or officers of the corporation.","path":["Not-for-Profit Corporation Law","Article 5. Corporate Finance"],"source_url":"https://legislation.nysenate.gov/api/3/laws/NPC/508","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"e48188705434239d483a17fca20ceeb5e3667b1ba195a2a65a0af3d4dd99f988","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-not-for-profit-corporation-law-507","next":"us-ny/n.y.-not-for-profit-corporation-law-509"},"notice":"GroundRules: Original legal text. Not legal advice."}