Replies to post #86189 on The Jailhouse (JAIL)

[ICEMAN1CO]

Need some help here with case Law folks........

What is the PENALTY for Violating New York Section 408 of the Business Corporation Law?

Can anyone find any case law on this?

[heenster]

Since they never have and never will make a profit they probably figured that they fall under the "Not for Profit" exemption!!!! LOLLLLL