N.Y. PML Law § 624
This is the official text of N.Y. PML Law § 624, part of New York’s PML Law — part of the compiled statutory law of New York, published by the state as "PML Law." Browse the sections below, each linked to its official government source.
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Termination of the corporation
Official statutory text
§ 624. Termination of the corporation. The corporation and its\ncorporate existence shall continue until terminated by law; provided,\nhowever, that no such law shall take effect so long as the corporation\nshall have bonds, notes or other obligations outstanding. Upon\ntermination of the existence of the corporation all of its rights,\nproperty, assets and funds shall thereupon vest in and be possessed by\nthe state.\n
Status: in_force · Read it on the official government site
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