2006 New York Code - Rights, Powers And Limitations.

 
    §  181.  Rights,  powers  and  limitations.  Upon  the  filing of such
  certificate the persons named therein as trustees, and their successors,
  being citizens of the United States and residents of this  state,  shall
  be a body politic and corporate, with all the rights, powers and duties,
  and   subject   to  all  the  restrictions  and  obligations  and  other
  provisions, so far as the same may be  applicable  and  consistent  with
  this  article,  specified  and contained in the act entitled "An act for
  the incorporation of benevolent, charitable, scientific  and  missionary
  societies,"  passed April twelfth, eighteen hundred and forty-eight, and
  the act amending the same, passed April seventh,  eighteen  hundred  and
  forty-nine,  except that the limitation in the first of the said acts of
  the value of real estate that may be held by any society in the city  or
  county  of  New  York,  incorporated  under  this  article, shall not be
  applicable to any church edifice erected or owned by  such  society,  or
  the  lot  of  ground on which the same may be built; and except that the
  provision in the first of the said acts, in  relation  to  the  personal
  liability  of the trustees, shall be applicable only to the trustees who
  shall have assented to the creation of any debt.