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The Laws of New York
Consolidated Laws of New York
CHAPTER 24
General Municipal
ARTICLE 18-A
Industrial Development
TITLE 1
Agencies, Organization and Powers
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SECTION 880
Actions against the agency
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TITLE 1
Agencies, Organization and Powers
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SECTION 883
Conflicts of interest
This entry was published on 2014-09-22
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SECTION 882
Termination of the agency
General Municipal (GMU) CHAPTER 24, ARTICLE 18-A, TITLE 1
§ 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.