New York Statutes
§ 20.23 — State's right to require a redemption of bonds
New York § 20.23
This text of New York § 20.23 (State's right to require a redemption of bonds) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Arts and Cultural Affairs § 20.23 (2026).
Text
§ 20.23. State's right to require a redemption of bonds.\nNotwithstanding and in addition to any provisions for the redemption of\nbonds which may be contained in any contract with the holders of the\nbonds of a trust, the state may, upon furnishing sufficient funds\ntherefor, require the trust to redeem, prior to maturity, as a whole,\nany issue of bonds on any interest payment date not less than twenty\nyears after the date of the bonds of such issue at one hundred five per\ncentum of their face value and accrued interest or at such lower\nredemption price as may be provided in the bonds in case of the\nredemption thereof as a whole on the redemption date. Notice of such\nredemption shall be published at least twice in at least two newspapers\npublishing and circulating respectively in
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Nearby Sections
15
§ 20.01
Short title§ 20.03
General definitions§ 20.09
Administration of a trust§ 20.11
General powers of a trust§ 20.13
Special powers of a trust§ 20.15
Resources of a trust§ 20.17
Bonds and notes of a trust§ 20.19
Security for bonds or notes§ 20.21
Reserve fund§ 20.29
Agreement of the stateCite This Page — Counsel Stack
Bluebook (online)
New York § 20.23, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/ACA/20.23.