Section 4. Applicability of business corporation law to transportation corporations  


Latest version.
  • (a) The business corporation law applies to a  corporation
      heretofore  or  hereafter  formed under this chapter, or under any other
      statute or special act of this state,  or  under  laws  other  than  the
      statutes of this state, which has as its purpose or among its purposes a
      purpose for which a corporation may be formed under this chapter, except
      that in case of a conflict between the business corporation law and this
      chapter the provisions of this chapter shall govern. If there is in this
      chapter  a  provision  relating  to  a  matter  embraced in the business
      corporation law and not in conflict  therewith,  both  provisions  shall
      apply.  Any  corporation  to  which the business corporation law is made
      applicable  by  this  section  shall  be  treated  as  a  "corporation",
      "domestic corporation", or "foreign corporation", as such terms are used
      in  the business corporation law, except that the purposes for which any
      such corporation may be formed under section three of this chapter shall
      not thereby be extended.
        (b) For the purpose of this section and elsewhere in this chapter, the
      effective date of the business corporation law  as  to  corporations  to
      which  the  business  corporation law is made applicable by this section
      shall be June first, nineteen hundred sixty-four.