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New York Consolidated Laws, Public Service Law - PBS § 5-b. Corporations subject to chapter although not transacting business

Current as of January 01, 2026 | Updated by Findlaw Staff

Corporations formed to acquire property or to transact business which would be subject to the provisions of this chapter, and corporations possessing franchises for any of the purposes contemplated by this chapter, shall be deemed to be subject to the provisions of this chapter although no property may have been acquired, business transacted or franchises exercised.

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Cite this article: FindLaw.com - New York Consolidated Laws, Public Service Law - PBS § 5-b. Corporations subject to chapter although not transacting business - last updated January 01, 2026 | https://codes.findlaw.com/ny/public-service-law/pbs-sect-5-b/

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