Laws of New York (Last Updated: November 21, 2014)

Section 508. Income from corporate activities

Latest version.

A  corporation  whose lawful activities involve among other things the
  charging of fees or prices for its services or products shall  have  the
  right  to  receive  such income and, in so doing, may make an incidental
  profit. All such incidental profits shall be applied to the maintenance,
  expansion or operation of the lawful activities of the corporation,  and
  in  no  case  shall  be  divided or distributed in any manner whatsoever
  among the members, directors, or officers of the corporation.

                    
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