N.Y. Not-for-Profit Corporation Law 1013 – Dissolution of certain firemen's benevolent associations
Current as of: 2024 | Check for updates
|
Other versions
§ 1013. Dissolution of certain firemen's benevolent associations.
Terms Used In N.Y. Not-for-Profit Corporation Law 1013
- 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.
(a) An incorporated firemen's benevolent association created by act of the legislature may dissolve in accordance with the provisions of this article.
(b) Any such corporation authorized to have paid to it foreign fire insurance premium taxes imposed under sections 9104 and 9105 of the insurance law shall, in addition to any other requirements of this article, file with the superintendent of financial services a copy of the certificate of dissolution. Moneys then due and owing to the corporation under said sections, and moneys thereafter otherwise payable to the corporation pursuant to such authorization, shall be distributed as provided in said sections.