New York § 1506 - 1506Purposes of incorporation
Full text of New York New York Consolidated Laws § 1506 — 1506Purposes of incorporation, with citation guidance and answers to common questions.
§ 1506. 1506Purposes of incorporation
§ 1506. Purposes of incorporation. 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.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 1506
What does New York Consolidated Laws § 1506 cover?
Section 1506 ("1506Purposes of incorporation") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 1506?
A common citation format is "New York Consolidated Laws § 1506" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 1506 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.