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BUSINESS CORPORATIONS

IN THE STATE OF NEW YORK

CONTAINING THE BUSINESS CORPORATIONS LAW
THE STOCK CORPORATION LAW, THE GENERAL
CORPORATION LAW, AND OTHER LAWS

AFFECTING BUSINESS CORPORATIONS

(As Amended to Date)

WITH NOTES AND FORMS

Second Edition Revised and Enlarged

By JOSEPH A. ARNOLD

of the New York Bar,

NEW YORK:
BAKER, VOORHIS & COMPANY

47 AND 49 LIBERTY STREET

1907

COPYBIGHT, 1901, BY BAKER, VOORHIS & COMPANY.

COPYRIGHT, 1904, BY BAKER, VOORHIS & COMPANY.

COPYRIGHT, 1905, BY BAKER, VOORHIS & COMPANY.

COPYRIGHT, 1906, BY BAKER, VOORHIS & COMPANY.

COPYRIGHT, 1907, BY BAKER, VOORHIS & COMPANY.

PREFACE

Reclass, 2-12-30 A.V.M.

The laws of the State of New York pertaining to stock corporations for commercial purposes, other than banking, insurance, transportation and railroad corporations, were assembled by the laws of 1890 into a single act entitled “The Business Corporations Law.” All stock corporations formed for business purposes, which include trading, manufacturing, mining, real estate and other corporations of a mercantile character, must therefore be organized under the provisions of that act, which is given in full in this volume, together with all the amendments thereto down to the close of the legislative session of 1907.

The Stock Corporation Law and the General Corporation Law, as amended to date, are also contained in this work. The former relates to the powers, rights and management of all stock corporations, and to the rights, duties and liabilities of their directors, officers and stockholders, and therefore particularly applies to business corporations. The provisions of the General Corporation Law pertain to corporations generally.

The amendments of 1901 made sweeping alterations in these acts, thereby greatly amplifying the rights and powers of business corporations, and materially lessening

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