N.Y. Real Property Tax Law 486 – Non-profit medical and dental indemnity, or hospital service corporations
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§ 486. Non-profit medical and dental indemnity, or hospital service corporations. Real property owned by a medical expense indemnity corporation, dental expense indemnity corporation or hospital service corporation shall be entitled to the exemption provided in the insurance law.
Terms Used In N.Y. Real Property Tax Law 486
- 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.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.