N.Y. PBA Law § 1596-Q
This is the official text of N.Y. PBA Law § 1596-Q, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.
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Termination of the authority
Official statutory text
§ 1596-q. Termination of the authority. Whenever all of the bonds\nissued by the authority shall have been redeemed or canceled, and all\nits liabilities met or discharged, and the termination date of its\ncorporate existence as set forth in section fifteen hundred ninety-six-c\nof this title shall have been reached, the authority shall cease to\nexist and all rights, titles and interests and all obligations and\nliabilities thereof vested in or possessed by the authority shall\nthereupon vest in and be possessed by the city of Yonkers.\n
Status: in_force · Read it on the official government site
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