Legislation

Search OpenLegislation Statutes

The Laws of New York
Consolidated Laws of New York
CHAPTER 47-A
Racing, Pari-Mutuel Wagering and Breeding Law
ARTICLE 6
New York City Off-track Betting Corporation
previous
SECTION 623
Inconsistent provisions of other laws superseded
up
ARTICLE 6
New York City Off-track Betting Corporation
This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 624
Termination of the corporation
Racing, Pari-Mutuel Wagering and Breeding Law (PML) CHAPTER 47-A, ARTICLE 6
§ 624. Termination of the corporation. The corporation and its
corporate existence shall continue until terminated by law; provided,
however, that no such law shall take effect so long as the corporation
shall have bonds, notes or other obligations outstanding. Upon
termination of the existence of the corporation all of its rights,
property, assets and funds shall thereupon vest in and be possessed by
the state.