N.Y. Business Corporation Law Section 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.

Source: Section 1506 — Purposes of incorporation, https://www.­nysenate.­gov/legislation/laws/BSC/1506 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 1506’s source at nysenate​.gov

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