§ 335. Powers of certain existing corporations to conform charter to article. A corporation heretofore created in this state by special act or under general law for purposes for which a corporation may be created under this article and other applicable provisions of this chapter, may, by the procedure herein provided, amend its charter or certificate of incorporation to conform to the provisions of this article with the same corporate name and for the same corporate purposes and any additional purposes permitted by this article; but such amendment shall not affect then existing property rights or liabilities.

Terms Used In N.Y. Religious Corporations Law 335

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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.
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