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the New York Consolidated Laws
2012 New York Consolidated Laws
NPC - Not-For-Profit Corporation
Article 2 - (201 - 205) CORPORATE PURPOSES AND POWERS
201 - Purposes.
Universal Citation:
NY Not for Profit Corp L ยง 201 (2012)
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on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
§ 201. Purposes.
(a) A corporation, as defined in subparagraph (5), paragraph (a) of §
102 (Definitions), may be formed under this chapter as provided in
paragraph (b) unless it may be formed under any other corporate law of
this state in which event it may not be formed under this chapter unless
such other corporate law expressly so provides.
(b) A corporation, of a type and for a purpose or purposes as follows,
may be formed under this chapter, provided consents required under any
other statute of this state have been obtained:
Type A - A not-for-profit corporation of this type may be formed for
any lawful non-business purpose or purposes including, but not limited
to, any one or more of the following non-pecuniary purposes: civic,
patriotic, political, social, fraternal, athletic, agricultural,
horticultural, animal husbandry, and for a professional, commercial,
industrial, trade or service association.
Type B - A not-for-profit corporation of this type may be formed for
any one or more of the following non-business purposes: charitable,
educational, religious, scientific, literary, cultural or for the
prevention of cruelty to children or animals.
Type C - A not-for-profit corporation of this type may be formed for
any lawful business purpose to achieve a lawful public or quasi-public
objective.
Type D - A not-for-profit corporation of this type may be formed under
this chapter when such formation is authorized by any other corporate
law of this state for any business or non-business, or pecuniary or
non-pecuniary, purpose or purposes specified by such other law, whether
such purpose or purposes are also within types A, B, C above or
otherwise.
(c) If a corporation is formed for purposes which are within both type
A and type B above, it is a type B corporation. If a corporation has
among its purposes any purpose which is within type C, such corporation
is a type C corporation. A type D corporation is subject to all
provisions of this chapter which are applicable to a type B corporation
under this chapter unless provided to the contrary in, and subject to
the contrary provisions of, the other corporate law authorizing
formation under this chapter of the type D corporation.
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