N.Y. Coop. Corp. Law § 71

Current through 2024 NY Law Chapter 553

Section 71 - Purchasing business of other corporations or persons

Whenever a corporation shall purchase the business of another corporation or person, it may make payment wholly or partly by the issue of shares or other securities to an amount which at par value would equal the fair market value of the business so purchased; and such securities shall thereupon be deemed fully paid for.

N.Y. Coop. Corp. Law § 71