§ 472-q. Powers and liabilities. Said corporation shall possess the general powers and be subject to the general restrictions and liabilities of incorporated charitable institutions.

Terms Used In N.Y. Social Services Law 472-Q

  • 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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