§ 5701. Cornell university continued. The corporation known as Cornell university, located at Ithaca, is continued with all the rights, and subject to all the liabilities contained in the act of incorporation, being chapter five hundred eighty-five of the laws of eighteen hundred sixty-five, as amended.

Terms Used In N.Y. Education Law 5701

  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
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