New York § 882 Termination of the agency

New York Statutes

§ 882 — Termination of the agency

New York § 882

Law GMUGeneral Municipal

Title 1Agencies, Organization and Powers

Art. 18-AIndustrial Development

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Bluebook

N.Y. General Municipal § 882 (2026).

Text

  § 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

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§ 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