5-B - Corporations subject to chapter although not transacting business. - New York Statutes

§ 5-b. Corporations subject to chapter although not transacting business. Corporations formed to acquire property or to transact business which would be subject to the provisions of this chapter, and corporations possessing franchises for any of the purposes contemplated by this chapter, shall be deemed to be subject to the provisions of this chapter although no property may have been acquired, business transacted or franchises exercised.