New York § 507 Compensation for formation, reorganization and financing

New York Statutes

§ 507 — Compensation for formation, reorganization and financing

New York § 507

Law BSCBusiness Corporation

Art. 5Corporate Finance

This text of New York § 507 (Compensation for formation, reorganization and financing) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Business Corporation § 507 (2026).

Text

§ 507. Compensation for formation, reorganization and financing.\n  The reasonable charges and expenses of formation or reorganization of\na corporation, and the reasonable expenses of and compensation for the\nsale or underwriting of its shares may be paid or allowed by the\ncorporation out of the consideration received by it in payment for its\nshares without thereby impairing the fully paid and nonassessable status\nof such shares.\n

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§ 507. Compensation for formation, reorganization and financing.\n The reasonable charges and expenses of formation or reorganization of\na corporation, and the reasonable expenses of and compensation for the\nsale or underwriting of its shares may be paid or allowed by the\ncorporation out of the consideration received by it in payment for its\nshares without thereby impairing the fully paid and nonassessable status\nof such shares.\n