There is a newer version of the New York Consolidated Laws
2006 New York Code - Restriction Upon Commencement Of Business.
§ 203. Restriction upon commencement of business. No corporation organized under the provisions of this article shall engage in the prosecution or management of its business until the whole of its capital stock shall have been subscribed, nor until it shall have filed in the offices where certificates of incorporation were filed, a further certificate stating that the whole of its capital stock has been in good faith subscribed, executed and acknowledged by its president or vice-president and treasurer or secretary, and verified by them to the effect that the statements contained in it are true.
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