There is a newer version
of
the New York Laws
2017 New York Laws
BSC - Business Corporation
Article 15 - Professional Service Corporations
1506 - Purposes of Incorporation.
Universal Citation: NY Bus Corp L § 1506 (2017)
1506. Purposes of incorporation.No professional service corporation or design professional service corporation shall engage in any business other than the rendering of the professional services for which it was incorporated; provided that such corporation may invest its funds in real estate, mortgages, stocks, bonds or any other type of investments.
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