NY Not for Profit Corp L § 202 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 2 - Corporate Purposes and Powers 202 - General and Special Powers.

§ 202. General and special powers.  (a)  Each  corporation,  subject  to  any limitations provided in this chapter or any other  statute  of  this  state  or  its  certificate  of incorporation,   shall  have  power  in  furtherance  of  its  corporate purposes:  (1) To have perpetual duration.  (2) To sue and be sued in all courts and to participate in actions and proceedings, whether judicial, administrative, arbitrative or otherwise, in like cases as natural persons.  (3) To have a corporate seal, and to alter such seal at pleasure,  and to  use  it  by  causing it or a facsimile to be affixed or impressed or reproduced in any other manner.  (4) To purchase, receive, take by  grant,  gift,  devise,  bequest  or otherwise,  lease, or otherwise acquire, own, hold, improve, employ, use and otherwise deal in and  with,  real  or  personal  property,  or  any interest therein, wherever situated.  (5)  To  sell,  convey, lease, exchange, transfer or otherwise dispose of, or mortgage or pledge, or create a security interest in, all or  any of its property, or any interest therein, wherever situated.  (6)  To  purchase, take, receive, subscribe for, or otherwise acquire, own, hold, vote, employ,  sell,  lend,  lease,  exchange,  transfer,  or otherwise  dispose  of,  mortgage, pledge, use and otherwise deal in and with, bonds and  other  obligations,  shares,  or  other  securities  or interests  issued  by  others,  whether  engaged in similar or different business, governmental, or other activities.  (7)  To  make  capital   contributions   or   subventions   to   other not-for-profit corporations.  (8)   To  accept  subventions  from  other  persons  or  any  unit  of government.  (9) To make contracts, give guarantees and incur  liabilities,  borrow money  at such rates of interest as the corporation may determine, issue its  notes,  bonds  and  other  obligations,  and  secure  any  of   its obligations  by  mortgage or pledge of all or any of its property or any interest therein, wherever situated.  (10) To lend money, invest and reinvest its funds, and take  and  hold real  and  personal  property  as  security  for the payment of funds so loaned or invested.  (11) To conduct the activities of the corporation and have offices and exercise the powers granted by this chapter in any  jurisdiction  within or without the United States.  (12)  To  elect or appoint officers, employees and other agents of the corporation, define their duties, fix their reasonable compensation  and the  reasonable  compensation  of  directors, and to indemnify corporate personnel.  Such  compensation  shall  be  commensurate  with   services performed.  (13)  To  adopt,  amend or repeal by-laws, including emergency by-laws made pursuant to subdivision seventeen of section twelve  of  the  state defense  emergency  act,  relating to the activities of the corporation, the conduct of its affairs, its rights or powers or the rights or powers of its members, directors or officers.  (14) To make donations, irrespective of  corporate  benefit,  for  the public welfare or for community fund, hospital, charitable, educational, scientific,  civic  or  similar  purposes,  and  in time of war or other national emergency in aid thereof.  (15) To  be  a  member,  associate  or  manager  of  other  non-profit activities or to the extent permitted in any other jurisdiction to be an incorporator   of   other  corporations,  and  to  be  a  partner  in  a redevelopment company formed under the private housing finance law.  (16) To have and exercise all powers necessary to effect any or all of the purposes for which the corporation is formed.  (b)   If  any  general  or  special  law  heretofore  passed,  or  any certificate of incorporation, shall  limit  the  amount  of  property  a corporation  may  take  or hold, or the yearly income from the corporate assets or any part thereof, such corporation may take and hold  property of  the  value  of  fifty  million dollars or less, or the yearly income derived from which shall be six million dollars or less, or may  receive yearly income from such corporate assets of six million dollars or less, notwithstanding  any  such  limitations.  In computing the value of such property, no increase in value arising otherwise than from  improvements made thereon shall be taken into account.  (c)  When  any corporation shall have sold or conveyed any part of its real property, the supreme court, notwithstanding a restriction  in  any general  or special law, may authorize it to purchase and hold from time to time other real property, upon satisfactory proof that the  value  of the  property  so purchased does not exceed the value of the property so sold and conveyed within the three years next preceding the application.  (d) A corporation formed under  general  or  special  law  to  provide parks,  playgrounds  or cemeteries, or buildings and grounds for camp or grove meetings. Sunday school assemblies, cemetery purposes, temperance, missionary, educational, scientific, musical and other meetings, subject to the ordinances and police regulations of the county, city,  town,  or village  in  which  such  parks,  playgrounds, cemeteries, buildings and grounds are situated, may appoint from time to time one or more  special police officers, with power to remove the same at pleasure. Such special police   officers   shall  preserve  order  in  and  about  such  parks, playgrounds, cemeteries,  buildings  and  grounds,  and  the  approaches thereto,  and  to  protect  the  same from injury, and shall enforce the established rules and  regulations  of  the  corporation.  Every  police officer  so  appointed  shall  within  fifteen  days  after  his  or her appointment and before entering upon the duties of his  or  her  office, take  and  subscribe  the  oath  of  office prescribed in the thirteenth article of the constitution of the state of New York, which  oath  shall be  filed  in  the  office  of the county clerk of the county where such grounds are situated. A police officer appointed under this section when on duty shall wear conspicuously a metallic shield with the name of  the corporation   which   appointed   him  or  her  inscribed  thereon.  The compensation of police officers appointed under this  section  shall  be paid by the corporation by which they are appointed.  (e)  Any  wilful  trespass  in  or upon any of the parks, playgrounds, buildings  or  grounds  provided  for  the  purposes  mentioned  in  the preceding  paragraph,  or  upon  the  approaches thereto, and any wilful injury to any of the said parks, playgrounds, buildings or  grounds,  or to  any  trees, shrubbery, fences, fixtures or other property thereon or pertaining thereto, and any wilful disturbance of the peace  thereon  by intentional breach of the rules and regulations of the corporation, is a misdemeanor.  (f)  No  corporation  shall conduct activities in New York state under any name, other than that appearing in its certificate of incorporation, without compliance with the filing provisions  of  section  one  hundred thirty  of  the  general  business law governing the conduct of business under an assumed name.  (g) Every corporation receiving any kind of state funding shall ensure the provision on any form required to be  completed  at  application  or recertification  for  the  purpose  of  obtaining  financial  assistance pursuant to this chapter, that the  application  form  shall  contain  a check-off question asking whether the applicant or recipient or a member  of his or her family served in the United States military, and an option to  answer  in the affirmative. Where the applicant or recipient answers in the affirmative to  such  question,  the  not-for-profit  corporation shall  ensure  that  contact  information  for  the  state  division  of veterans' services  is  provided  to  such  applicant  or  recipient  in addition to any other materials provided.