N.Y. Local Finance Law 173.00 – Pending actions, suits and proceedings not affected
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§ 173.00 Pending actions, suits and proceedings not affected. No action, suit or proceeding, pending at the time when this chapter shall take effect, brought by or against a municipality, school district or district corporation or any agency, board, commission or official thereof, shall be affected or abated by the adoption of this chapter or by anything therein contained, and such action, suit or proceeding shall be continued as if this chapter shall not have taken effect.
Terms Used In N.Y. Local Finance Law 173.00
- 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.