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This entry was published on 2014-09-22
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SECTION 5-B
Corporations subject to chapter although not transacting business
Public Service (PBS) CHAPTER 48, ARTICLE 1
§ 5-b. Corporations subject to chapter although not transacting
business. 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.