N.Y. Business Corporation Law 1009 – Applicability to dissolution under other provisions
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§ 1009. Applicability to dissolution under other provisions.
Terms Used In N.Y. Business Corporation Law 1009
- 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.
The provisions of sections 1005 (Procedure after dissolution), 1006 (Corporate action and survival of remedies after dissolution), 1007 (Notice to creditors; filing or barring claims) and 1008 (Jurisdiction of supreme court to supervise dissolution and liquidation) shall apply to a corporation dissolved by expiration of its period of duration or under § 203-a of the tax law.