(b) The corporation shall continue until all its liabilities have been
met or otherwise discharged and until its existence shall have been
terminated by law. Upon the termination of the existence of the
corporation, all of its rights and property shall pass to and be vested
in the city.
Structure New York Laws
Article 8 - Miscellaneous Authorities
Title 26 - New York City Stabilization Reserve Corporation
2532 - New York City Stabilization Reserve Corporation.
2533 - Legislative Findings and Declaration of Purposes.
2534 - Administration of the Corporation.
2535 - General Powers of the Corporation.
2536 - Notes and Bonds of the Corporation.
2537 - Reserve Fund and Appropriations.
2539 - Resources of the Corporation.
2540 - Payments to the Corporation.
2541 - Agreement With the State.
2542 - State and City Not Liable on Notes and Bonds.
2543 - Remedies of Noteholders and Bondholders.
2544 - Notes and Bonds as Legal Investments.
2545 - Exemption From Taxation.
2546 - Employees of the Corporation.
2547 - Actions Against the Corporation.
2548 - Assistance to the Corporation.
2549 - Corporation Counsel to Be Attorney.
2550 - Termination of Authority and Existence.
2551 - Bonds or Notes Legal Investments for Public Authorities.