N.Y. Transportation Corporations Law 47 – Merger or consolidation of waterworks corporations
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§ 47. Merger or consolidation of waterworks corporations. Any two or more domestic waterworks corporations may merge or consolidate with each other, in accordance with the procedure and with the effect set forth in Article 9 of the business corporation law.
Terms Used In N.Y. Transportation Corporations Law 47
- 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.