Type A
Formed for non-business purpose or purposes, including: civic, patriotic, political, social, fraternal, athletic, agricultural, horticultural, animal husbandry, and for a professional, commercial, industrial, trade or service association.
Type B
Formed for one or more of the following non-business purposes: charitable, educational, religious, scientific, literary, cultural or for the prevention of cruelty to children or animals.
Type C
Formed for any lawful business purpose to achieve a lawful public or quasi-public objective, for example local development corporations under N-PCL §1411.
Type D
Formed under two New York laws for any business or non-business or pecuniary or non-pecuniary purpose when such formation is authorized by any other corporate law of NY, for example corporations formed under the N-PCL and the Private Housing Finance Law.
“Corporation” or “domestic corporation” means a corporation (1) formed
under this chapter, or existing on its effective date and theretofore formed under any
other general statute or by any special act of this state, exclusively for a purpose or
purposes, not for pecuniary profit or financial gain, for which a corporation may be
formed under this chapter, and (2) no part of the assets, income or profit of which is
distributable to, or enures to the benefit of, its members, directors or officers except
to the extent permitted under this statute.
