New York § 787 Winding down the affairs of a dissolved local government entity

New York Statutes

§ 787 — Winding down the affairs of a dissolved local government entity

New York § 787

Law GMUGeneral Municipal

Title 3Dissolution of Local Government Entities

Art. 17-AConsolidation and Dissolution of Local Government

This text of New York § 787 (Winding down the affairs of a dissolved local government entity) 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. General Municipal § 787 (2026).

Text

§ 787. Winding down the affairs of a dissolved local government\nentity.

1.Upon the successful completion of dissolution proceedings\npursuant to this title, the governing body of the dissolving local\ngovernment entity shall wind down the affairs thereof, dispose of its\nproperty as provided by law, make provisions for the payment of all\nindebtedness thereof and for the performance of its contracts and\nobligations, and, if applicable and appropriate under law, levy taxes\nand assessments as necessary to accomplish the dissolution.\n 2. In furtherance of its duty to wind down the affairs of the local\ngovernment entity, the governing body shall cause notice to be given, in\nthe same manner as notice for a proposed dissolution plan pursuant to\nsection seven hundred seventy-five of th

Free access — add to your briefcase to read the full text and ask questions with AI

§ 787. Winding down the affairs of a dissolved local government\nentity. 1. Upon the successful completion of dissolution proceedings\npursuant to this title, the governing body of the dissolving local\ngovernment entity shall wind down the affairs thereof, dispose of its\nproperty as provided by law, make provisions for the payment of all\nindebtedness thereof and for the performance of its contracts and\nobligations, and, if applicable and appropriate under law, levy taxes\nand assessments as necessary to accomplish the dissolution.\n 2. In furtherance of its duty to wind down the affairs of the local\ngovernment entity, the governing body shall cause notice to be given, in\nthe same manner as notice for a proposed dissolution plan pursuant to\nsection seven hundred seventy-five of this title, requiring all claims\nagainst the dissolving local government entity, excluding any of its\noutstanding securities, to be filed within a time fixed in the notice,\nbut not less than three months or more than six months, and all claims\nnot so filed shall be forever barred. At the expiration of such time the\ngoverning body shall adjudicate claims so filed, and any resident of the\nentity at the time of the effective date of the dissolution may appear\nand defend against any claim so filed, or the governing body may in its\ndiscretion appoint some person for that purpose.\n