N.Y. Not-for-Profit Corporation Law 1319 – Liability of foreign corporations for failure to disclose required information
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§ 1319. Liability of foreign corporations for failure to disclose
Terms Used In N.Y. Not-for-Profit Corporation Law 1319
- 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.
required information.
A foreign corporation conducting activities in this state shall, in the same manner as a domestic corporation, disclose to its members of record who are residents of this state the information required under Article 5 and shall be liable as provided in section 521 (Liability for failure to disclose required information) for failure to comply in good faith with these requirements.