New York § 25 Termination of the corporation

New York Statutes

§ 25 — Termination of the corporation

New York § 25

Law HHCNew York City health and hospitals corporation act 1016/69

This text of New York § 25 (Termination of the corporation) 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. New York City health and hospitals corporation act 1016/69 § 25 (2026).

Text

  § 25. Termination of the corporation. The corporation and its\ncorporate existence shall continue until terminated by law; provided,\nhowever, that no such law shall take effect so long as the corporation\nshall have bonds, notes or other obligations outstanding. Upon\ntermination of the existence of the corporation all of its rights,\nproperty, assets and funds shall thereupon vest in and be possessed by\nthe city.\n

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§ 25. Termination of the corporation. The corporation and its\ncorporate existence shall continue until terminated by law; provided,\nhowever, that no such law shall take effect so long as the corporation\nshall have bonds, notes or other obligations outstanding. Upon\ntermination of the existence of the corporation all of its rights,\nproperty, assets and funds shall thereupon vest in and be possessed by\nthe city.\n

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New York § 25, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/HHC/25.