N.Y. Transp. Corp. Law § 6 Merger of Subsidiary Corporations

• Library: New York Statutes
• Edition: 2023
• Currency: Current through 2023 NY Law Chapter 777
• Year: 2023
• Citation: N.Y. Transp. Corp. Law § 6

(a) Any domestic transportation corporation or any foreign corporation authorized to do in this state any business which may be done in this state by a domestic transportation corporation, owning at least ninety-five percent of the outstanding shares of each class of any domestic corporation or corporations authorized to engage in business similar or incidental to the business which the possessor corporation is authorized to engage in, and any domestic transportation corporation owning at least ninety-five percent of the outstanding shares of each class of any foreign corporation authorized to do in this state any business which may be done in this state by a domestic transportation corporation and also authorized to engage in business similar or incidental to the business which the possessor corporatio...