New York § 550 - 550Incorporation; organization certificate
Full text of New York New York Consolidated Laws § 550 — 550Incorporation; organization certificate, with citation guidance and answers to common questions.
§ 550. 550Incorporation; organization certificate
§ 550. Incorporation; organization certificate. When authorized by the superintendent as provided in article two of this chapter, five or more persons may form a corporation to be known as a mutual trust investment company. Such persons shall subscribe and acknowledge and submit to the superintendent at the superintendent's office an organization certificate in duplicate which shall specifically state: 1. The name by which the mutual trust investment company is to be known and the investment purpose of its formation under the following section five hundred fifty-one. 2. The place where its principal office is to be located. 3. The amount of its capital stock and the number of shares into which such capital stock shall be divided. 4. The full name, residence and post-office address of each of the incorporators and the number of shares subscribed for by each. 5. The term of its existence, which may be perpetual. 6. The number of its directors, which shall not be less than five and the names and addresses of the persons who shall be its directors until the first annual meeting of stockholders. Such certificate may provide for the manner in which the stock of the corporation may be transferred and for the number of directors necessary to constitute a quorum. When the superintendent shall have endorsed his approval on the organization certificate as provided in article two of this chapter, the corporate existence shall begin.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 550
What does New York Consolidated Laws § 550 cover?
Section 550 ("550Incorporation; organization certificate") 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 § 550?
A common citation format is "New York Consolidated Laws § 550" (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 § 550 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.