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| New York Business Corporation Law | |
|---|---|
| New York State Legislature | |
| Territorial extent | New York (state) |
| Enacted by | New York State Legislature |
| Enacted | 1890 |
| Status: In force | |
The New York Business Corporation Law is the primary corporation statute in the State of New York. It is an influential model in U.S. corporate law. It is chapter 4 of the Consolidated Laws of New York , originally enacted as chapter 567 of the Laws of 1890. It was extensively revised in 1961, effective 1963. [1]
There are thousands of cooperative apartments in New York City, and the vast majority of cooperatives are organized under New York Business Corporation Law. [2]