§ 201 — Purposes

New York § 201

• Jurisdiction: New York
• Law NPC: Not-for-Profit Corporation
• Art. 2: Corporate Purposes and Powers

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§ 201. Purposes.\n (a) A corporation, as defined in paragraph (a) of § 102 (Definitions),\nmay be formed under this chapter as a charitable corporation or a\nnon-charitable corporation unless it may be formed under any other\ncorporate law of this state, in which event it may not be formed under\nthis chapter unless such other corporate law expressly so provides.\n (b) A corporation formed under this chapter on or after July first,\ntwo thousand fourteen shall either be a charitable corporation or a\nnon-charitable corporation. Any corporation formed for both charitable\npurposes and non-charitable purposes shall be deemed a charitable\ncorporation for purposes of this chapter. A type A not-for-profit\ncorporation formed prior to July first, two thousand fourteen shall be\ndeemed a non-charitable corporation under this chapter. Any submission\nor filing by such corporation to any person or entity shall be deemed to\nhave been submitted or filed by a non-charitable corporation, and any\nreference in any such filing or submission referring to the status of\nsuch corporation as a type A corporation shall be deemed to refer to a\nnon-charitable corporation.\n (c) A type B or C not-for-profit corporation formed prior to July\nfirst, two thousand fourteen shall be deemed a charitable corporation\nfor all purposes under this chapter. Any submission or filing by such\ncorporation to any person or entity shall be deemed to have been\nsubmitted or filed by a charitable corporation, and any reference in any\nsuch filing or submission referring to the status of such corporation as\na type B or type C corporation shall be deemed to refer to a charitable\ncorporation.\n (d) A type D not-for-profit corporation formed prior to July first,\ntwo thousand fourteen for charitable purposes shall be deemed a\ncharitable corporation. Any submission or filing by such corporation to\nany person or entity shall be deemed to have been submitted or filed by\na charitable corporation, and any reference in any such filing or\nsubmission referring to the status of such corporation as a type D\ncorporation shall be deemed to refer to a charitable corporation. Any\nother type D not-for-profit corporations formed prior to July first, two\nthousand fourteen shall be deemed a non-charitable corporation. Any\nsubmission or filing by such corporation to any person or entity shall\nbe deemed to have been submitted or filed by a non-charitable\ncorporation, and any reference in any such filing or submission\nreferring to the status of such corporation as a type D corporation\nshall be deemed to refer to a non-charitable corporation.\n