Who does New York §201 apply to?

New York §201 applies to Nonprofit associations in New York.

What happens if our co-op or condo doesn't comply with §201?

Non-compliance with this New York statute can expose the association and its officers to private civil suit, and (for offering-plan / sponsor matters under GBS) to enforcement action by the New York Attorney General's Real Estate Finance Bureau. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.

Where can I read the official text of New York §201?

The official text is published by the New York State Legislature at nysenate.gov. The summary on this page is for plain-English reference only and is not legal advice.

New York §201

Purposes

Statute:: New York §201 · Law NPC (Not-for-Profit Corporation Law)
Topic:: General · Purposes
Applies to:: Nonprofit associations

Authorizes formation of nonprofit corporations for specified purposes. Most HOAs are Type B (formed for civic, social, or recreational purposes) or Type C (formed to operate a business for non-profit purposes).

purposes; type a; type b; type c; type d

📄 Read the official text at nysenate.gov →

How SoShiny helps with Purposes

SoShiny is built around the Florida statutes from day one — every feature is included on every plan, with no add-ons or per-document fees. Start your community free and run it the way the statutes expect.

See the feature → Start free

Frequently asked

What does New York §201 require?: Authorizes formation of nonprofit corporations for specified purposes. Most HOAs are Type B (formed for civic, social, or recreational purposes) or Type C (formed to operate a business for non-profit purposes).
Who does New York §201 apply to?: New York §201 applies to Nonprofit associations in New York.
What happens if our co-op or condo doesn't comply with §201?: Non-compliance with this New York statute can expose the association and its officers to private civil suit, and (for offering-plan / sponsor matters under GBS) to enforcement action by the New York Attorney General's Real Estate Finance Bureau. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
Where can I read the official text of New York §201?: The official text is published by the New York State Legislature at nysenate.gov. The summary on this page is for plain-English reference only and is not legal advice.
How does SoShiny help with Purposes?: SoShiny is built around the Florida statutes from day one — every feature is included on every plan, with no add-ons or per-document fees. Start your community free and run it the way the statutes expect. Learn more →

Not legal advice. This page is a plain-English summary of New York §201 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a New York-licensed attorney. For the official statutory text, see the link above.

Free newsletter

Stay current on New York association law.

Get the free quick-reference guide plus a heads-up when the statutes that govern your community change.

Don’t run your co-op or condo on spreadsheets.

Start your community free →