2015 New York Laws
TCP - Transportation Corporations
Article 8 - (Transportation Corporations) FREIGHT TERMINAL CORPORATIONS.
101 - Limitation of powers.
101. Limitation of powers. Nothing in this article shall be so construed as to permit any such corporation to engage in manufacture or production, except for its own use, of power, heat, light, supplies and equipment or to carry on the business of generating, selling or distributing electricity for light, heat or power, nor shall the right, operation and use of such privileges be extended beyond the streets or marginal streets bounding or occupied by the property owned or operated by such corporation. No railroad corporation, and no corporation or joint-stock association engaged in carrying on an express business, shall either directly or indirectly, or through the medium of a holding company or otherwise, purchase, acquire or hold, any stock, bond or evidence of indebtedness issued by any such corporation.
Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. 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. Please check official sources.
