State Codes and Statutes

Statutes > New-york > Gct > Article-4 > 45-a

§ 45-a. Corporations  may  conduct  business.  A  domestic corporation  desiring or intending to conduct the trade, business  or  calling  of  a  plumber  or  of plumbing in a city of this state, as employing or master  plumber, may do so provided one or more  officers  of  such  corporation  separately  or  aggregately actually hold and own at least fifty-one per  centum of the issued and outstanding capital stock of said  corporation,  and  provided  that each of such officers holding such percentage of the  stock is the holder of a certificate of competency of such board of  the  city  in  which  it  conducts  or  proposes  to conduct such business as  provided in section forty-five. In  case  one  or  more  officers  of  a  corporation  engaged  in  such business shall die, being the holder of a  certificate of competency, the corporation  may  continue  the  business  during  the  time  necessarily  required  for  the administration of the  estate of such deceased  officer,  not  exceeding  two  years  from  the  granting of letters, provided one or more officers of the corporation is  the  holder  of  a certificate of competency and together with the legal  representatives of such deceased officer or officers, actually owns  and  holds  at  least  fifty-one  per  centum  of  the issued and outstanding  capital stock of the said corporation. Each and  every  member  of  said  corporation  holding  a  certificate of competency shall comply with all  the rules and regulations applicable to master or employing plumbers  in  the  locality  in  which  the  corporation  is engaged in business. Such  corporation shall register as provided  in  section  forty-six  of  this  chapter.

State Codes and Statutes

Statutes > New-york > Gct > Article-4 > 45-a

§ 45-a. Corporations  may  conduct  business.  A  domestic corporation  desiring or intending to conduct the trade, business  or  calling  of  a  plumber  or  of plumbing in a city of this state, as employing or master  plumber, may do so provided one or more  officers  of  such  corporation  separately  or  aggregately actually hold and own at least fifty-one per  centum of the issued and outstanding capital stock of said  corporation,  and  provided  that each of such officers holding such percentage of the  stock is the holder of a certificate of competency of such board of  the  city  in  which  it  conducts  or  proposes  to conduct such business as  provided in section forty-five. In  case  one  or  more  officers  of  a  corporation  engaged  in  such business shall die, being the holder of a  certificate of competency, the corporation  may  continue  the  business  during  the  time  necessarily  required  for  the administration of the  estate of such deceased  officer,  not  exceeding  two  years  from  the  granting of letters, provided one or more officers of the corporation is  the  holder  of  a certificate of competency and together with the legal  representatives of such deceased officer or officers, actually owns  and  holds  at  least  fifty-one  per  centum  of  the issued and outstanding  capital stock of the said corporation. Each and  every  member  of  said  corporation  holding  a  certificate of competency shall comply with all  the rules and regulations applicable to master or employing plumbers  in  the  locality  in  which  the  corporation  is engaged in business. Such  corporation shall register as provided  in  section  forty-six  of  this  chapter.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Gct > Article-4 > 45-a

§ 45-a. Corporations  may  conduct  business.  A  domestic corporation  desiring or intending to conduct the trade, business  or  calling  of  a  plumber  or  of plumbing in a city of this state, as employing or master  plumber, may do so provided one or more  officers  of  such  corporation  separately  or  aggregately actually hold and own at least fifty-one per  centum of the issued and outstanding capital stock of said  corporation,  and  provided  that each of such officers holding such percentage of the  stock is the holder of a certificate of competency of such board of  the  city  in  which  it  conducts  or  proposes  to conduct such business as  provided in section forty-five. In  case  one  or  more  officers  of  a  corporation  engaged  in  such business shall die, being the holder of a  certificate of competency, the corporation  may  continue  the  business  during  the  time  necessarily  required  for  the administration of the  estate of such deceased  officer,  not  exceeding  two  years  from  the  granting of letters, provided one or more officers of the corporation is  the  holder  of  a certificate of competency and together with the legal  representatives of such deceased officer or officers, actually owns  and  holds  at  least  fifty-one  per  centum  of  the issued and outstanding  capital stock of the said corporation. Each and  every  member  of  said  corporation  holding  a  certificate of competency shall comply with all  the rules and regulations applicable to master or employing plumbers  in  the  locality  in  which  the  corporation  is engaged in business. Such  corporation shall register as provided  in  section  forty-six  of  this  chapter.