Opn. No.

Hon. William Barry Chairman New York State Racing and Wagering Board

This is in reply to your letter of March 10, 1978, in which you request my opinion concerning the announced intention of a corporation licensed to conduct harness racing under the Pari-Mutuel Revenue Law to amend its charter or take other necessary action so that the corporation can expand its business activities into other income-producing areas which are available to corporations organized under the Business Corporation Law.

You note that section 37 of Chapter 254 of the Laws of 1940 (McKinney's Unconsolidated Laws, § 8003)…