1. The Laws of New York
  2. Consolidated Laws
  3. Business Corporation
  4. Article 15: Professional Service Corporations

Section 1506 Purposes of incorporation

Business Corporation (BSC)

  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.