Public Authorities Law § 2532 · Title 26. New York City Stabilization Reserve Corporation
New York city stabilization reserve corporation
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
§ 2532. New York city stabilization reserve corporation. (a) There is hereby created the New York city stabilization reserve corporation. The corporation shall be a corporate governmental agency constituting a public benefit corporation. It shall have the powers and privileges of a corporation and all of its business shall be transacted, all funds invested, all warrants for money drawn and payments made, and all cash and securities and other personal property held under its corporate name.
(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.
Source of truth
- Edition
- Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/PBA2532
- Text hash
- sha256 2d51657faf2b534b0de0b72d9e7204cbda8b2bf45363dc93c8889d1cb5ac9946
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.