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The Laws of New York
Consolidated Laws of New York
CHAPTER 43-A
Public Authorities
ARTICLE 10-C
New York Health Care Corporations
TITLE 5
Clifton-fine Health Care Corporation
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SECTION 3609
Remedies of bondholders
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TITLE 5
Clifton-fine Health Care Corporation
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SECTION 3611
Monies of the corporation
This entry was published on 2014-09-22
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SECTION 3610
State and towns not liable on corporation bonds
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 10-C, TITLE 5
§ 3610. State and towns not liable on corporation bonds. (a) The state
shall not be liable on the bonds or notes of the corporation and such
bonds or notes shall not be a debt of the state, and such bonds and
notes shall contain on the face thereof a statement to such effect.

(b) Except as may be authorized by the town pursuant to section seven
of article seventeen of the state constitution and section thirty-six
hundred eight of this title, the town shall not be liable on the bonds
or notes of the corporation and such bonds or notes shall not be a debt
of the town, and such bonds and notes shall contain on the face thereof
a statement to such effect or a statement describing the town liability
thereon, if any.