Statute · New York Business Corporation Law
N.Y. Bus. Corp. Law § 1506 — Purposes of incorporation
N.Y. Bus. Corp. Law § 1506
- Type
- Statute
- Source
- New York Business Corporation Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 1506. Purposes of incorporation.
Citator
N.Y. Bus. Corp. Law § 1506 — Purposes of incorporation is in force in the current edition of the Code, and nothing recorded condemns it.
§ 1506. Purposes of incorporation.
No professional service corporation or design professional service corporation shall engage in any business other than the rendering of the professional services for which it was incorporated; provided that such corporation may invest its funds in real estate, mortgages, stocks, bonds or any other type of investments.