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This entry was published on 2014-09-22
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SECTION 4
Applicability of business corporation law to transportation corporations
Transportation Corporations (TCP) CHAPTER 63, ARTICLE 1
§ 4. Applicability of business corporation law to transportation
corporations. (a) The business corporation law applies to a corporation
heretofore or hereafter formed under this chapter, or under any other
statute or special act of this state, or under laws other than the
statutes of this state, which has as its purpose or among its purposes a
purpose for which a corporation may be formed under this chapter, except
that in case of a conflict between the business corporation law and this
chapter the provisions of this chapter shall govern. If there is in this
chapter a provision relating to a matter embraced in the business
corporation law and not in conflict therewith, both provisions shall
apply. Any corporation to which the business corporation law is made
applicable by this section shall be treated as a "corporation",
"domestic corporation", or "foreign corporation", as such terms are used
in the business corporation law, except that the purposes for which any
such corporation may be formed under section three of this chapter shall
not thereby be extended.

(b) For the purpose of this section and elsewhere in this chapter, the
effective date of the business corporation law as to corporations to
which the business corporation law is made applicable by this section
shall be June first, nineteen hundred sixty-four.