§ 209-g. Transfer of assets and liabilities. Upon the transfer pursuant to section two hundred nine-d of this Article -A of the public authorities law to the office as prescribed by section two hundred nine-d of this article, except as otherwise provided in section two hundred nine-f of this article, all assets and liabilities of the science and technology foundation are hereby transferred to and assumed by the office.

Terms Used In N.Y. Executive Law 209-G

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Office: shall mean the New York state office of science, technology and academic research. See N.Y. Executive Law 209