New York § 3233 New York local government assistance corporation

New York Statutes

§ 3233 — New York local government assistance corporation

New York § 3233

Law PBAPublic Authorities

Title 4New York Local Government Assistance Corporation

Art. 10-BTitle

This text of New York § 3233 (New York local government assistance 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. Public Authorities § 3233 (2026).

Text

§ 3233. New York local government assistance corporation.

1.There is\nhereby created the New York local government assistance corporation.\nThe corporation shall be a corporate governmental agency constituting a\npublic benefit corporation. It shall have the powers and privileges of a\ncorporation and all of its business shall be transacted, all funds\ninvested, all warrants for money drawn and payments made, and all cash\nand securities and other personal property held under its corporate\nname.\n 2. The corporation shall continue until six months after all its\nliabilities have been met or otherwise discharged. Upon the termination\nof the existence of the corporation, all of its rights and property\nshall pass to and be vested in the state.\n

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

§ 3233. New York local government assistance corporation. 1. There is\nhereby created the New York local government assistance corporation.\nThe corporation shall be a corporate governmental agency constituting a\npublic benefit corporation. It shall have the powers and privileges of a\ncorporation and all of its business shall be transacted, all funds\ninvested, all warrants for money drawn and payments made, and all cash\nand securities and other personal property held under its corporate\nname.\n 2. The corporation shall continue until six months after all its\nliabilities have been met or otherwise discharged. Upon the termination\nof the existence of the corporation, all of its rights and property\nshall pass to and be vested in the state.\n