§ 1002. Application. 1. This article applies to every corporation and, to the extent herein provided, to every foreign corporation, and shall not apply to any other banking organization, except to such extent, if any, as may be specified in any article of this chapter governing such banking organization.

Terms Used In N.Y. Banking Law 1002

  • 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.
  • Corporation: means and includes all banks, trust companies, safe deposit companies, investment companies, mutual trust investment companies, and, to the extent not provided otherwise under any regulation of the superintendent of financial services promulgated pursuant to the provisions of section fourteen-e of this chapter, stock-form savings banks and stock-form savings and loan associations. See N.Y. Banking Law 1001
  • Foreign corporation: means a corporation which is licensed by the superintendent under the provisions of article two of this chapter to do business in this state or is applying for such license and a corporation authorized to conduct business in this state pursuant to article five-C of this chapter or is applying for such authorization. See N.Y. Banking Law 1001

2. The general corporation law, the stock corporation law and the business corporation law shall not apply to any corporation or foreign corporation as defined in section one thousand one.

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