2006 New York Code - Qualification.



 
    §   301.  Qualification.  The  certificate  of  incorporation  of  any
  corporation organized for the purpose  of  acquiring,  maintaining,  and
  operating the facilities of a railroad corporation of the kind described
  in section three hundred may provide that such new corporation elects to
  qualify  as  a  railroad redevelopment corporation under and pursuant to
  the provisions of this article; and any railroad corporation of the kind
  described in section three hundred may, by action  pursuant  to  article
  eight  of  the  business  corporation  law,  amend  its  certificate  of
  incorporation to include therein a like provision. The term "certificate
  of incorporation, " when used in this article, shall include any special
  law creating a railroad corporation and also the special  laws  and  the
  certificates  filed  pursuant  to law amendatory of and supplementary to
  such special law.
    Upon the acceptance for filing of such certificate of incorporation or
  amendment, as the case may be, such corporation shall qualify as and  be
  a  railroad  redevelopment  corporation hereunder, and shall continue as
  such for twelve years thereafter or until the earlier termination of its
  qualification  pursuant  to  section  three  hundred  eleven;  provided,
  however,  that  the  secretary  of  state  shall  not  accept  any  such
  certificate of incorporation or amendment for filing unless it shall  be
  accompanied  by a certificate of approval of such qualification executed
  by the commissioner of transportation and by  a  certified  copy  of  an
  order  of  the  bankruptcy  court  dismissing the pending proceedings in
  which such corporation is a debtor, subject to such terms and conditions
  as the court may fix in connection with winding up the  proceedings.  In
  the  event  another state agency shall be authorized by law to execute a
  certificate of approval for any railroad corporation, the certificate of
  approval for any such corporation shall also be executed by such agency.

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