§ 208. Consideration for issuance of stock, bonds or income\ndebentures. No redevelopment corporation shall issue stock, bonds or\nincome debentures, except for money or property actually received for\nthe use and lawful purposes of the corporation or services actually\nperformed for the corporation.\n
N.Y. Private Housing Finance Law § 208
Consideration for issuance of stock, bonds or income debentures
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.