N.Y. GAS Law § 6
This is the official text of N.Y. GAS Law § 6, part of New York’s GAS Law — part of the compiled statutory law of New York, published by the state as "GAS Law." Browse the sections below, each linked to its official government source.
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Power to take and convey real property
Official statutory text
§ 6. Power to take and convey real property. A joint-stock\nassociation, in the name of its president, as such president, may\npurchase, take, hold and convey such real property only,\n 1. As may be necessary for its immediate accommodation in the\nconvenient transaction of its business.\n 2. As may be mortgaged to it in good faith by way of security for\nloans made by or moneys due to it.\n 3. As it may purchase at sales under judgments, decrees or mortgages\nheld by it.\n
Status: in_force · Read it on the official government site
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