§ 115. Power to solicit contributions for charitable purposes.

(a) No corporation required to obtain approval or provide notice of
formation pursuant to section 404 (Approvals, notices and consents) of
this chapter may solicit contributions for any purpose requiring such
approval or notice unless and until such corporation (1) obtains and
submits any approval or notice required thereunder, and (2) is in
compliance with the registration and reporting requirements of article
seven-A of the executive law and section 8-1.4 of the estates, powers
and trusts law.

(b) The attorney general may maintain an action or proceeding pursuant
to the provisions of subparagraph one of paragraph (a) of section one
hundred twelve of this article against any corporation that solicits
contributions in violation of paragraph (a) of this section. Such an
action may also be maintained in relation to a corporation hereinafter
incorporated if the name, purposes, objects or the activities of such
corporation may, in any manner, lead to the belief that the corporation
possesses or may exercise any of such purposes.