N.Y. Business Corporation Law 1313 – Actions or special proceedings by foreign corporations
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§ 1313. Actions or special proceedings by foreign corporations.
Terms Used In N.Y. Business Corporation Law 1313
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Statute: A law passed by a legislature.
An action or special proceeding may be maintained by a foreign corporation, in like manner and subject to the same limitations, as an action or special proceeding brought by a domestic corporation, except as otherwise prescribed by statute.