N.Y. General Municipal Law Section 882
Termination of the agency

Whenever all of the bonds or notes issued by the agency shall have been redeemed or cancelled, and all straight-lease transactions have been terminated, the agency shall cease to exist and all rights, titles, and interest and all obligations and liabilities thereof vested in or possessed by the agency shall thereupon vest in and be possessed by the municipality.

Source: Section 882 — Termination of the agency, https://www.­nysenate.­gov/legislation/laws/GMU/882 (updated Sep. 22, 2014; accessed Nov. 25, 2023).

Nov. 25, 2023

Last modified:
Sep. 22, 2014

§ 882’s source at nysenate​.gov

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