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N.Y. Not-For-Profit Corp. Law § 204

Limitation on activities

2014-09-22

§ 204. Limitation on activities.\n Notwithstanding any other provision of this chapter or any other\ngeneral law, a corporation of any kind to which this chapter applies\nshall conduct no activities for pecuniary profit or financial gain,\nwhether or not in furtherance of its corporate purposes, except to the\nextent that such activity supports its other lawful activities then\nbeing conducted.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.