(b) The venue of every action, suit or special proceeding brought
against the corporation shall be laid in the county of New York.
(c) Neither any director of the corporation nor any officer, employee,
or agent of the corporation, while acting within the scope of their
authority, shall be subject to any personal liability resulting from
exercising or carrying out of any of the corporation's purposes or
powers.
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.