N.Y. Education Law 1603 – Property held by trustees as corporation
Current as of: 2024 | Check for updates
|
Other versions
§ 1603. Property held by trustees as corporation. All property which is now vested in, or shall hereafter be transferred to the trustees of a common school district, for the use of schools in the district, shall be held by them as a corporation.
Terms Used In N.Y. Education Law 1603
- 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.