New York § 624 Termination of the corporation

New York Statutes

§ 624 — Termination of the corporation

New York § 624

Law PMLRacing, Pari-Mutuel Wagering and Breeding Law

Art. 6New York City Off-track Betting Corporation

This text of New York § 624 (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. Racing, Pari-Mutuel Wagering and Breeding Law § 624 (2026).

Text

  § 624. 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 state.\n

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§ 624. 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 state.\n

Nearby Sections

5

§ 620

Bonds and notes as legal investments

§ 621

Annual and special reports

§ 622

Separability

§ 623

Inconsistent provisions of other laws superseded

§ 624

Termination of the corporation

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Bluebook (online)

New York § 624, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/PML/624.