§ 1 Short Title
§ 2 Classification of Transportation Corporations
§ 3 Incorporation
§ 4 Applicability of Business Corporation Law to Transportation Corporations
§ 5 Application
§ 6 Merger of Subsidiary Corporations
§ 7 Agreement for Fiber Optic Utility Use and Occupancy of State Right of Way

Terms Used In New York Laws > Transportation Corporations > Article 1

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Statute: A law passed by a legislature.