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This entry was published on 2014-09-22
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SECTION 45-A
Corporations may conduct business
General City (GCT) CHAPTER 21, ARTICLE 4
§ 45-a. Corporations may conduct business. A domestic corporation
desiring or intending to conduct the trade, business or calling of a
plumber or of plumbing in a city of this state, as employing or master
plumber, may do so provided one or more officers of such corporation
separately or aggregately actually hold and own at least fifty-one per
centum of the issued and outstanding capital stock of said corporation,
and provided that each of such officers holding such percentage of the
stock is the holder of a certificate of competency of such board of the
city in which it conducts or proposes to conduct such business as
provided in section forty-five. In case one or more officers of a
corporation engaged in such business shall die, being the holder of a
certificate of competency, the corporation may continue the business
during the time necessarily required for the administration of the
estate of such deceased officer, not exceeding two years from the
granting of letters, provided one or more officers of the corporation is
the holder of a certificate of competency and together with the legal
representatives of such deceased officer or officers, actually owns and
holds at least fifty-one per centum of the issued and outstanding
capital stock of the said corporation. Each and every member of said
corporation holding a certificate of competency shall comply with all
the rules and regulations applicable to master or employing plumbers in
the locality in which the corporation is engaged in business. Such
corporation shall register as provided in section forty-six of this
chapter.