Source: https://www.lawserver.com/law/state/new-york/ny-laws/new_york_laws_not-for-profit_corporation_article_16
Timestamp: 2020-08-05 18:51:42
Document Index: 105628912

Matched Legal Cases: ['§ 1601', '§ 1603', '§ 1604', '§ 1605', '§ 1606', '§ 1607', '§ 1608', '§ 1609', '§ 1610', '§ 1611', '§ 1612', '§ 1613', '§ 1614', '§ 1615', '§ 1616', '§ 1617']

New York Laws > Not-For-Profit Corporation > Article 16 – Land Banks » LawServer
New York Laws > Not-For-Profit Corporation > Article 16
New York Laws > Not-For-Profit Corporation > Article 16 – Land Banks
§ 1601 Legislative Intent
§ 1603 Creation and Existence
§ 1604 Applicability of New York Law
§ 1605 Board of Directors
§ 1606 Staff
§ 1607 Powers
§ 1608 Acquisition of Property
§ 1609 Disposition of Property
§ 1610 Financing of Land Bank Operations
§ 1611 Borrowing and Issuance of Bonds
§ 1612 Public Records and Public Meetings
§ 1613 Dissolution of Land Bank
§ 1614 Conflicts of Interest
§ 1615 Construction, Intent and Scope
§ 1616 Delinquent Property Tax Enforcement
§ 1617 Contracts
Terms Used In New York Laws > Not-For-Profit Corporation > Article 16
board: shall mean the board of directors of a land bank;
(b) "land bank" shall mean a land bank established as a charitable not-for-profit corporation under this chapter and in accordance with the provisions of this article and pursuant to this article;
(c) "foreclosing governmental unit" shall mean "tax district" as defined in subdivision six of section eleven hundred two of the real property tax law;
(d) "municipality" shall mean a city, village, town or county other than a county located wholly within a city;
(e) "school district" shall mean a school district as defined under the education law; and
(f) "real property" shall mean lands, lands under water, structures and any and all easements, air rights, franchises and incorporeal hereditaments and every estate and right therein, legal and equitable, including terms for years and liens by way of judgment, mortgage or otherwise, and any and all fixtures and improvements located thereon. See N.Y. Not-For-Profit Corporation Law 1602
Consumer lease: means a lease that a lessor regularly
engaged in the business of leasing or selling makes to a
lessee who is an individual and who takes under the lease
primarily for personal, family, or household purposes. See N.Y. Uniform Commercial Code 2-A-103
Fault: means wrongful act, omission, breach, or default. See N.Y. Uniform Commercial Code 2-A-103
Finance lease: means a lease with respect to which: (i) the
lessor does not select, manufacture, or supply the goods;
(ii) the lessor acquires the goods or the right to possession
and use of the goods in connection with the lease; and (iii)
one of the following occurs: (A) the lessee receives a copy
of the contract by which the lessor acquired the goods or the
right to possession and use of the goods before signing the
lease contract; (B) the lessee's approval of the contract by
which the lessor acquired the goods or the right to
possession and use of the goods is a condition to
effectiveness of the lease contract; (C) the lessee, before
signing the lease contract, receives an accurate and complete
statement designating the promises and warranties, and any
disclaimers of warranties, limitations or modifications of
remedies, or liquidated damages, including those of any third
party, such as the manufacturer of the goods, provided to the
lessor by the person supplying the goods in connection with
or as part of the contract by which the lessor acquired the
goods or the right to possession and use of the goods; or (D)
if the lease is not a consumer lease, the lessor, before the
lessee signs the lease contract, informs the lessee in
writing (a) of the identity of the person supplying the goods
to the lessor, unless the lessee has selected that person and
directed the lessor to acquire the goods or the right to
possession and use of the goods from that person, (b) that
the lessee is entitled under this Article to the promises and
warranties, including those of any third party, provided to
the lessor by the person supplying the goods in connection
with or as part of the contract by which the lessor acquired
the goods or the right to possession and use of the goods,
and (c) that the lessee may communicate with the person
supplying the goods to the lessor and receive an accurate and
complete statement of those promises and warranties,
including any disclaimers and limitations of them or of
remedies. See N.Y. Uniform Commercial Code 2-A-103
Leasehold interest: means the interest of the lessor or the
lessee under a lease contract. See N.Y. Uniform Commercial Code 2-A-103
Purchase: includes taking by sale, lease, mortgage, security
interest, pledge, gift, or any other voluntary transaction
creating an interest in goods. See N.Y. Uniform Commercial Code 2-A-103
Sublease: means a lease of goods the right to possession and
use of which was acquired by the lessor as a lessee under an
existing lease. See N.Y. Uniform Commercial Code 2-A-103
Supplier: means a person from whom a lessor buys or leases
goods to be leased under a finance lease. See N.Y. Uniform Commercial Code 2-A-103