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The Laws of New York
Consolidated Laws of New York
CHAPTER 4
Business Corporation
ARTICLE 15
Professional Service Corporations
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SECTION 1505
Professional relationships and liabilities
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ARTICLE 15
Professional Service Corporations
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SECTION 1507
Issuance of shares
This entry was published on 2014-09-22
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SECTION 1506
Purposes of incorporation
Business Corporation (BSC) CHAPTER 4, ARTICLE 15
§ 1506. Purposes of incorporation.

No professional service corporation or design professional service
corporation shall engage in any business other than the rendering of the
professional services for which it was incorporated; provided that such
corporation may invest its funds in real estate, mortgages, stocks,
bonds or any other type of investments.