New York § 57 Dissolution of authorities

New York Statutes

§ 57 — Dissolution of authorities

New York § 57

Law PBGPublic Housing

Art. 3Municipal Housing Authorities

This text of New York § 57 (Dissolution of authorities) 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 Housing § 57 (2026).

Text

  § 57. Dissolution of authorities.  An authority or the municipality\nmay apply to the supreme court in any county in which the municipality\nor any part thereof is located, for an order dissolving the authority.\nThe court thereupon shall hold a hearing in open court after such notice\nof hearing as the court may require.  Upon a showing to the satisfaction\nof the court that provision has been made for the payment or\nsatisfaction of all of the outstanding obligations of the authority and\nfor the necessary expenses for the liquidation thereof, the court may\norder that the authority be dissolved. Upon such dissolution the\nproperty of the authority shall be and become the property of the\nmunicipality.\n

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§ 57. Dissolution of authorities. An authority or the municipality\nmay apply to the supreme court in any county in which the municipality\nor any part thereof is located, for an order dissolving the authority.\nThe court thereupon shall hold a hearing in open court after such notice\nof hearing as the court may require. Upon a showing to the satisfaction\nof the court that provision has been made for the payment or\nsatisfaction of all of the outstanding obligations of the authority and\nfor the necessary expenses for the liquidation thereof, the court may\norder that the authority be dissolved. Upon such dissolution the\nproperty of the authority shall be and become the property of the\nmunicipality.\n