General Municipal Law 882 — Legislation
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SECTION 882
Termination of the agency
General Municipal (GMU) CHAPTER 24, ARTICLE 18-A, TITLE 1
§ 882. Termination of the agency. Whenever all of the bonds or notes
issued by the agency shall have been redeemed or cancelled, and all
straight-lease transactions have been terminated, the agency shall cease
to exist and all rights, titles, and interest and all obligations and
liabilities thereof vested in or possessed by the agency shall thereupon
vest in and be possessed by the municipality.