New York Statutes
§ 1506 — Purposes of incorporation
§ 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.\n
Free access — add to your briefcase to read the full text and ask questions with AI
New York § 1506 (Purposes of incorporation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Charlebois v. J.M. Weller Associates, Inc.
531 N.E.2d 1288 (New York Court of Appeals, 1988)
Nearby Sections
15
§ 1501
Definitions§ 1503
Organization§ 1507
Issuance of shares§ 1508
Directors and officers§ 1511
Transfer of shares§ 1512
Corporate name§ 1514
Triennial statement