New York Statutes
§ 71 — Purchasing business of other corporations or persons
New York § 71
This text of New York § 71 (Purchasing business of other corporations or persons) 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. Cooperative Corporations § 71 (2026).
Text
§ 71. Purchasing business of other corporations or persons. Whenever a\ncorporation shall purchase the business of another corporation or\nperson, it may make payment wholly or partly by the issue of shares or\nother securities to an amount which at par value would equal the fair\nmarket value of the business so purchased; and such securities shall\nthereupon be deemed fully paid for.\n
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Bluebook (online)
New York § 71, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/CCO/71.