* § 2350-bb. Subsidiaries of the agency. Notwithstanding any other provision of law to the contrary, the agency shall not establish a subsidiary corporation without statutory approval.

Terms Used In N.Y. Public Authorities Law 2350-BB

  • 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.

* NB Repealed December 31, 2023