New York General Municipal Code § 882

Termination of the agency
Open in Lexace · Ask the AI about this section
§ 882. Termination of the agency. Whenever all of the bonds or notes\nissued by the agency shall have been redeemed or cancelled, and all\nstraight-lease transactions have been terminated, the agency shall cease\nto exist and all rights, titles, and interest and all obligations and\nliabilities thereof vested in or possessed by the agency shall thereupon\nvest in and be possessed by the municipality.\n

‹ Prev All New York sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.