§ 115 — Power to solicit contributions for charitable purposes

§ 115. Power to solicit contributions for charitable purposes.\n (a) No corporation required to obtain approval or provide notice of\nformation pursuant to section 404 (Approvals, notices and consents) of\nthis chapter may solicit contributions for any purpose requiring such\napproval or notice unless and until such corporation (1) obtains and\nsubmits any approval or notice required thereunder, and (2) is in\ncompliance with the registration and reporting requirements of article\nseven-A of the executive law and section 8-1.4 of the estates, powers\nand trusts law.\n (b) The attorney general may maintain an action or proceeding pursuant\nto the provisions of subparagraph one of paragraph (a) of section one\nhundred twelve of this article against any corporation that solicits\ncontributions in violation of paragraph (a) of this section. Such an\naction may also be maintained in relation to a corporation hereinafter\nincorporated if the name, purposes, objects or the activities of such\ncorporation may, in any manner, lead to the belief that the corporation\npossesses or may exercise any of such purposes.\n