N.Y. GMU Law § 790
This is the official text of N.Y. GMU Law § 790, part of New York’s GMU Law — part of the compiled statutory law of New York, published by the state as "GMU Law." Browse the sections below, each linked to its official government source.
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Debts, liabilities and obligations
Official statutory text
§ 790. Debts, liabilities and obligations. The outstanding debts,\nliabilities and obligations of the dissolved local government entity\nshall be assumed by the town in which the dissolved entity was situated\nand shall be a charge upon the taxable property within the limits of the\ndissolved entity, collected in the same manner as town taxes. The town\nboard shall have all powers with respect to the debts, liabilities and\nobligations as the governing body of the dissolved entity possessed\nprior to its dissolution, including the power to issue town bonds to\nredeem bond anticipation notes issued by the dissolved entity.\n
Status: in_force · Read it on the official government site
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