N.Y. Not-for-Profit Corporation Law 907 – Approval by the supreme court or attorney general
§ 907. Approval by the supreme court or attorney general.
Terms Used In N.Y. Not-for-Profit Corporation Law 907
- Consolidated corporation: means the new corporation in which two or more constituent corporations are consolidated. See N.Y. Not-for-Profit Corporation Law 901
- Consolidation: means a procedure of the character described in subparagraph (a) (2). See N.Y. Not-for-Profit Corporation Law 901
- 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.
- Merger: means a procedure of the character described in subparagraph (a) (1). See N.Y. Not-for-Profit Corporation Law 901
Where any constituent corporation or the consolidated corporation is, or would be if formed under this chapter, a charitable corporation under section 201 (Purposes) of this chapter, no certificate shall be filed pursuant to section 904 (Certificate of merger or consolidation; contents) or section 906 (Merger or consolidation of domestic and foreign corporations) until (a) the supreme court has granted an order approving the plan of merger or consolidation and authorizing the filing of the certificate, as provided in section 907-a (Application for approval of the supreme court) of this article or (b) the attorney general has approved the plan of merger or consolidation and authorized the filing of the certificate, as provided in section 907-b (Application for approval of the attorney general) of this article.