Income from corporate activities
Source:
Section 508 — Income from corporate activities, https://www.nysenate.gov/legislation/laws/NPC/508 (updated Sep. 22, 2014; accessed Oct. 25, 2025).
501
Stock and shares prohibited 502
Members’ capital contributions 503
Capital certificates 504
Subventions 505
Subvention certificates 506
Bonds and security interests 507
Fees, dues and assessments 508
Income from corporate activities 509
Purchase, sale, mortgage and lease of real property 510
Disposition of all or substantially all assets 511
Petition for court approval 511–A
Petition for attorney general approval 513
Administration of assets received for specific purposes 514
Delegation of investment management 515
Dividends prohibited 516
Distributions to members upon termination of membership 517
Liabilities of members 519
Annual report of directors 519–A
Annual reports for certain transactions required 520
Reports of corporation 521
Liability for failure to disclose required information
Stock and shares prohibited 502
Members’ capital contributions 503
Capital certificates 504
Subventions 505
Subvention certificates 506
Bonds and security interests 507
Fees, dues and assessments 508
Income from corporate activities 509
Purchase, sale, mortgage and lease of real property 510
Disposition of all or substantially all assets 511
Petition for court approval 511–A
Petition for attorney general approval 513
Administration of assets received for specific purposes 514
Delegation of investment management 515
Dividends prohibited 516
Distributions to members upon termination of membership 517
Liabilities of members 519
Annual report of directors 519–A
Annual reports for certain transactions required 520
Reports of corporation 521
Liability for failure to disclose required information
