Statute · New York Private Housing Finance Law
N.Y. Priv. Hous. Fin. Law § 208 — Consideration for issuance of stock, bonds or income debentures
N.Y. Priv. Hous. Fin. Law § 208
- Type
- Statute
- Source
- New York Private Housing Finance Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 208. Consideration for issuance of stock, bonds or income debentures. No redevelopment corporation shall issue stock, bonds or income debentures, except for money or property actually received for the use and lawful purposes of the corporation or services actually performed for the corporation.
Citator
N.Y. Priv. Hous. Fin. Law § 208 — Consideration for issuance of stock, bonds or income debentures is in force in the current edition of the Code, and nothing recorded condemns it.
§ 208. Consideration for issuance of stock, bonds or income debentures. No redevelopment corporation shall issue stock, bonds or income debentures, except for money or property actually received for the use and lawful purposes of the corporation or services actually performed for the corporation.