§ 472-p. Property exempt from taxation. So long as the property of said corporation shall be used for charitable purposes only, such property, both real and personal, shall be exempt from taxation.

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

  • 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.