Most new york cooperative associations are organized under the business corporation law and must abide by its provisions. Find your senator and share your views on important issues. How to file a new york corporation amendment with the. The philosophies of the new york business corporation law of 1961. New york state laws includes new york consolidated laws on banking, business corporations, criminal procedure, domestic relations, estates, crimes, taxes and workers compensation. Meetings of shareholders on westlaw findlaw codes are provided courtesy of thomson reuters westlaw, the industryleading online legal research system.
T he new york business corporation law of 19611 is an eclectic statute, both in provisions and in. Stevenst the business corporation law passed by the legislature at the 1961 session and approved by the governor is the first major revision of new york law relating to business corporations in over thirty years. New york business corporation law defines corporation or domestic corporation as a corporation for profit other than a corporation which may be formed under the cooperative corporations law. A proposal to alter the text of a pending bill or other measure by striking. New york state corporate kit w stock certificates and seal. Department of taxation and finance instructions for form. Current general corporation tax gct forms new york.
Certificate of dissolution of new york department of state. Service of process is accepted pursuant to the following sections of new york state law. Corporations organized under other provisions of law. This is findlaws hosted version of new york consolidated laws, business corporation law. New york law with regard to business corporations, and the first such. Certificate of incorporation of new york state department. The formation, operation and dissolution of united states corporations is governed mostly by state law. The new york business corporation law is the primary corporation statute in the state of new york. The business of the corporation shall be managed by its board of directors which may exercise all such powers of the corporation and do all such lawful acts and things as are not by statute or by the articles of incorporation or by these bylaws directed or required to be exercised or done by the. New york business corporation law article 4 formation of. Consolidated laws of new york, business corporation bsc. New york may have more current or accurate information. Terms used in new york laws business corporation article 15. New york real estate syndication act new york general business law 352e 1.
Understanding the business corporation law a coops baseline by raanan geberer 2007 oct board operations if you live in a coop, as opposed to a condo, in new york state, chances are that your coop has been organized under the designation of the business corporation law, or bcl. Browse all sections of new york business corporation law in findlaw. New york business corporation law section 1530 filing. New york state makes further amendments to its notforprofit. Thats why when the subject of intellectual property comes up, many owners run in the other direction.
Read this complete new york consolidated laws, business corporation law bsc 602. Understanding the business corporation law a coops baseline. The new york limited liability company law at twenty. Whenever it shall appear to the attorneygeneral, either upon complaint or otherwise, that in the advertisement, investment advice, purchase or sale within this state of any commodity dealt in on any exchange within the united states of america or the delivery. Click on the selected daysection to open the new york law journal in pdf format. Current general corporation tax gct forms 2019 general corporation tax gct documents on this page are provided in pdf format nycattscorp calculation of federal taxable income for s corporations. A motion to adjourn a legislative chamber or a committee, if passed, ends that days session. A foreign corporation or llc that no longer exists. Complete text of new york business corporation law, limited liability company law, and notforprofit corporation law, with selected corporationrelated sections from other new york statutes, in conventient 1volume pamphlet format.
Understanding the business corporation law the new york. New york consolidated laws, business corporation law bsc. Article 15 of the business corporation law authorizes the formation of professional service corporations for the purpose of rendering certain professional services. Terms used in new york laws business corporation article 9.
New york business corporation law provision, provide for recovery of reasonable fees incurred by a corporate officer in making an application for fees before a court. New york consolidated laws service business corporation law arts. New york state department of taxation and finance office. Terms used in new york laws business corporation article 6 adjourn.
Read this complete new york consolidated laws, business corporation law bsc 1101. Aug 06, 2009 the two most precious resources for any smallbusiness owner are time and money. Sections 301a, 303, and 304 of the limited liability company law. The laws of new york state are available at public. New york business corporation law new york attorney. General contractor license ny new york state contractor license. New york state department of corporations biennial statements. Banks and banking, uniform limited liability company act, credit unions, business corporation act, nonprofit corporation act wisconsin corporations chapters 178226. The corporation is required to file a biennial statement with the department of state every two years pursuant to business corporation law section 408. Stock corporation laws become inapplicable to all business. Corporations state laws us law lii legal information. New york state makes further amendments to its notfor.
Model business corporation act annotated, american bar association, vols. Complete text of new york business corporation law, limited liability company law, and notforprofit corporation law, with selected corporation related sections from other new york statutes, in conventient 1volume pamphlet format. This article is brought to you for free and open access by the journals at st. It is chapter 4 of the consolidated laws of new york, originally enacted as chapter 567 of the laws of 1890. Employers are also prohibited from restricting its employees ability to inquire or discuss wages with their coworkers. The registered agent is required to record the service of process and then forward the documents to the corporation. Terms used in new york laws business corporation article 15 appellate. Therefore, if the testator did not own any assets in his or her name alone, or the account has a beneficiary designation, e. New york business corporation law of 1961 robert s. First, as of february 27, 2015, new yorks limited liability company law was. Nycext application for automatic extension of time to file business income tax returns file online with eservices. New york business express certificate of attestation of. Most state corporation statutes or codes are based on the.
A foreign corporation or llc no longer doing business in new york state, but who remains active in their home state, should file a certificate of surrender of authority pursuant to section 10 of the business corporation law or section 806 of the limited liability company law, as appropriate. New york corporation law whitebook lexisnexis store. A domestic corporation had a manufacturing facility in new york state. A smallbusiness guide to intellectual property the new. The division examines, files, and maintains numerous documents vital to business and state government including state and local laws, oaths of office, trademarks, certificates of incorporation, and uniform commercial code article 9 financing statements. Includes section histories identifying the enacting and amendatory legislation relating to each section. Businesses wishing to operate in new york will have to go through their local and state agencies to register and be licensed to perform services. In addition, we provide special support for nonprofit, educational, and government users. Article 15a of the business corporation law authorizes the establishment of foreign professional service corporations in new york state. Sections 306, 306a, and 307 of the business corporation law. In many cases, and especially if you are a larger business such as a corporation or llc, you will have to register with the new york department of state. It no longer does business, employs capital or owns or leases property in new york state.
If you wish to restate the initial certificate you must use restated certificate of incorporation name of corporation under section 807 of the business corporation law as your document name. New york business corporation law 2016 laws of new york. We will always provide free access to the current law. A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both.
Certified ringbound december 1, 1997 by new york state statute author visit amazons new york state statute page. Consolidated laws of new york, business corporation bsc ny. Probate is not required to transfer funds to a joint owner with rights of survivorship or a beneficiary of an account. Presumably the details are handled through common law precedents. Nys division of corporations, state records and ucc. This is the latest in a series of changes to the npcl that began with the nonprofit revitalization act of 20 the npra.
Sections 121104a, 121109, 1211505, and 1211506 of the. An executors guide to estate administration new york state 4 joint and survivorship. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. New york business corporation law section 301 corporate. New york state department of state division of corporations, state records and uniform commercial code one commerce plaza 99 washington ave. An application entitled application for authority of. Sections 306 and 307 of the notforprofit corporation law. Upon the effective date of the new law, which is postponed to april 1, 1963, the general and the. Particular problems under the new york business corporation law. The corporation is not formed to engage in any act or activity requiring the consent or. This is a very short provision simply requiring that a plaintiff was a shareholder at the time of the transaction in question. It relocates all of its operations to a city located outside of new york state.
Attorneygenerals action for judicial dissolution on westlaw findlaw codes are provided courtesy of thomson reuters westlaw, the industryleading online legal research system. Article 15a foreign professional service corporations. New yorks highest court holds business judgment rule. New york and most other states do not require a license to operate your personal recreational boat. A business corporation that has elected to be treated as a new york s corporation by filing form ct6, election by a federal s corporation to be treated as a new york s corporation, must file form ct3s, new york s corporation franchise tax return, instead of form ct3 or form ct3a. Choose the right dissolution statute for the right remedy.
York business corporation law bcl or the new york partner ship law, in all events with alterations to maximize the principles of associate professor of law and director of. Notification that the biennial statement is due will only be made via email. Sample bylaws for a new york corporation freelegalaid. Instructions for termination of existence foreign corporations business corporation law section 11 section 11 of the business corporation law provides for the termination of existence of a foreign corporation authorized to do business in new york that has been terminated in the state of its incorporation by dissolution, merger, or. New york state requires certain boat operators to have a boating safety certificate. The 2016 amendments are meant to streamline some of the more burdensome requirements of the npra and strengthen the operations of new york nonprofits. New york state department of taxation and finance publication 843. Business corporation 2010 new york code justia law. One or more natural persons of the age of eighteen years or over may act as incorporators of a corporation. Find all the books, read about the author, and more. Use this page to navigate to all sections within business corporation law. There are licenses for operating a boat on a professional level such at sightseeing or charter fishing or even commercial work boats such as tug and ferries. Certain nonprofit and religious corporations are exempt from the new york state corporation franchise tax imposed by tax law article 9a.
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