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The Laws of New York
Consolidated Laws of New York
CHAPTER 35
Not-for-Profit Corporation
ARTICLE 2
Corporate Purposes and Powers
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SECTION 203
Defense of ultra vires
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SECTION 205
Conveyance of real property to members for dwelling houses
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SECTION 204
Limitation on activities
Not-for-Profit Corporation (NPC) CHAPTER 35, ARTICLE 2
§ 204. Limitation on activities.

Notwithstanding any other provision of this chapter or any other
general law, a corporation of any kind to which this chapter applies
shall conduct no activities for pecuniary profit or financial gain,
whether or not in furtherance of its corporate purposes, except to the
extent that such activity supports its other lawful activities then
being conducted.