New York § 5 - 5Application
Full text of New York New York Consolidated Laws § 5 — 5Application, with citation guidance and answers to common questions.
§ 5. 5Application
§ 5. Application. A corporation heretofore or hereafter incorporated under a general law for a purpose or purposes for which a corporation may be formed under this chapter shall in respect to such purpose or purposes have all the powers and privileges conferred, and be subject to all the duties, liabilities and limitations imposed, on a corporation organized for such purpose or purposes under this chapter. Any corporation heretofore incorporated under a general law for any one or more of the purposes specified in this chapter, may exercise the powers now possessed by it to carry on any business in which it now may lawfully engage. A corporation heretofore incorporated under or by special law for such purpose or purposes shall in respect to such purpose or purposes have all the powers and privileges conferred, and be subject to the duties, liabilities and limitations imposed by this chapter, in so far as such duties, liabilities and limitations are not inconsistent with such special law.
Frequently Asked Questions About New York § 5
What does New York Consolidated Laws § 5 cover?
Section 5 ("5Application") 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 § 5?
A common citation format is "New York Consolidated Laws § 5" (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 § 5 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.