New York Laws
Article 5 - Corporate Finance
507 - Compensation for Formation, Reorganization and Financing.

The reasonable charges and expenses of formation or reorganization of
a corporation, and the reasonable expenses of and compensation for the
sale or underwriting of its shares may be paid or allowed by the
corporation out of the consideration received by it in payment for its
shares without thereby impairing the fully paid and nonassessable status
of such shares.

Structure New York Laws