§ 66 — Definitions

New York § 66

• Jurisdiction: New York
• Law GCN: General Construction
• Art. 2-A: Classification of Corporations and Definitions

Text

§ 66. Definitions. 1. A "public corporation" includes a municipal\ncorporation, a district corporation, or a public benefit corporation.\n 2. A "municipal corporation" includes a county, city, town, village\nand school district.\n 3. A "district corporation" includes any territorial division of the\nstate, other than a municipal corporation, heretofore or hereafter\nestablished by law which possesses the power to contract indebtedness\nand levy taxes or benefit assessments upon real estate or to require the\nlevy of such taxes or assessments, whether or not such territorial\ndivision is expressly declared to be a body corporate and politic by the\nstatute creating or authorizing the creation of such territorial\ndivision.\n 4. A "public benefit corporation" is a corporation organized to\nconstruct or operate a public improvement wholly or partly within the\nstate, the profits from which inure to the benefit of this or other\nstates, or to the people thereof.\n 4-a. A "benefit corporation" means a business corporation incorporated\nunder article seventeen of the business corporation law and whose status\nas a benefit corporation has not been terminated as provided in article\nseventeen of the business corporation law.\n 5. A "religious corporation" is either (a) a Religious Corporations\nLaw corporation as defined in section two of such law or (b) a\ncorporation formed under any other general law or by a special act of\nthis state which is organized and operated principally for religious\npurposes.\n 6. An "education corporation" is a corporation as defined in\nsubdivision one of section two hundred sixteen-a of the education law.\n 7. A "not-for-profit corporation", if a domestic corporation, is a\ncorporation as defined in subparagraph five of paragraph (a) of section\none hundred two of the not-for-profit corporation law. A "not-for-profit\ncorporation", if formed under laws other than the statutes of this\nstate, is a foreign not-for-profit corporation as defined in\nsubparagraph seven of paragraph (a) of such section.\n 8. A "business corporation", if a domestic corporation, is a\ncorporation as defined in subparagraph four of paragraph (a) of section\none hundred two of the business corporation law. A "business\ncorporation", if formed under laws other than the statutes of this\nstate, is a foreign business corporation as defined in subparagraph\nseven of paragraph (a) of such section.\n 9. A "moneyed corporation" is a corporation to which the banking law\nor the insurance law is made applicable by the provisions of such laws.\n 10. A "railroad corporation" is a corporation to which the railroad\nlaw is made applicable by a provision of such law.\n 11. A "transportation corporation" is a corporation to which the\ntransportation corporations law is made applicable by a provision of\nsuch law.\n 12. A "cooperative corporation" is a corporation to which the\ncooperative corporations law is made applicable by a provision of such\nlaw.\n 13. The term "corporation formed other than for profit" includes every\ncorporation other than a corporation formed for profit or a public\ncorporation.\n 14. A "domestic corporation" is a corporation incorporated by or under\nthe laws of the state or colony of New York. Every corporation which is\nnot a domestic corporation is a foreign corporation, except as provided\nby the civil practice law and rules with respect to the construction of\nsuch law and rules.\n 15. The term "director", when used in relation to corporations, means\nany member of the governing board of such corporation, whether\ndesignated as director, trustee, manager, governor, or by any other\ntitle, designated to manage the affairs of a corporation.\n 16. The term "certificate of incorporation" includes (a) the original\ncertificate of incorporation or any other instrument filed or issued\nunder any statute to form a domestic or foreign corporation, as amended,\nsupplemented or restated by certificates of amendment, merger or\nconsolidation or other certificates or instruments filed or issued under\nany statute; or (b) a special act or charter creating a domestic or\nforeign corporation, as amended, supplemented or restated.\n 17. The term "member of a corporation" means one having membership\nrights in a corporation in accordance with the provisions of its\ncertificate of incorporation or by-laws.\n 18. The term "office of a corporation" means the office the location\nof which is stated in the certificate of incorporation of a domestic\ncorporation, or in the application for authority of a foreign\ncorporation or an amendment thereof. Such office need not be a place\nwhere business or activities are conducted by such corporation.\n 19. The term "business of a corporation" when used with reference to a\ncorporation formed for profit means the operations for the conduct of\nwhich the corporation is formed and may constitute "doing of business"\nor "transaction of business" as those terms are used in the statutes of\nthis state.\n 20. The term "conducting of activities" when used with reference to a\ncorporation formed not for profit means the operations for the conduct\nof which the corporation is formed and may constitute "doing of\nbusiness" or "transaction of business" as those terms are used in the\nstatutes of this state.\n 21. The term "corporate law" when used in any law means the general\nstatutes relating to corporations included in the consolidated laws of\nwhich this chapter is a part.\n