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Home » US Law » 2022 New York Laws » Consolidated Laws » RRD - Railroad » Article 2 - Organization, General Powers and Location » 6 – Applicability of Business Corporation Law to Railroad Corporations.
§   6.   Applicability   of   business  corporation  law  to  railroad
corporations. (a) The business corporation law applies to a  corporation
heretofore  or  hereafter  formed under this chapter, or under any other
statute or special act of this state,  or  under  laws  other  than  the
statutes of this state, which has as its purpose or among its purposes a
purpose for which a corporation may be formed under this chapter, except
that in case of a conflict between the business corporation law and this
chapter the provisions of this chapter shall govern. If there is in this
chapter  a  provision  relating  to  a  matter  embraced in the business
corporation law and not in conflict  therewith,  both  provisions  shall
apply.  Any  corporation  to  which the business corporation law is made
applicable  by  this  section  shall  be  treated  as  a  "corporation",
"domestic corporation", or "foreign corporation", as such terms are used
in  the business corporation law, except that the purposes for which any
such corporation may be formed under section five of this chapter  shall
not thereby be extended.

(b) For the purpose of this section and elsewhere in this chapter, the effective date of the business corporation law as to corporations to which the business corporation law is made applicable by this section shall be September first, nineteen hundred sixty-four.