N.Y. General Municipal Law 78 – Insurance of property
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§ 78. Insurance of property. Public officers having by law the care and custody of the public buildings and other property of a municipal corporation, may insure the same at the expense and for the benefit of such corporation.
Terms Used In N.Y. General Municipal Law 78
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.