Section 2604.

Latest version.

Subject to any limitation contained in the articles, to compliance with any other applicable laws, and to consistency with the special purpose of the flexible purpose corporation, any flexible purpose corporation other than a flexible purpose corporation subject to the Banking Law or a professional flexible purpose corporation may engage in any business activity. A flexible purpose corporation subject to the Banking Law or a professional flexible purpose corporation may engage in any business activity not prohibited by the respective statutes and regulations to which it is subject.

(Added by Stats. 2011, Ch. 740, Sec. 12. Effective January 1, 2012.)

                    
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