N.Y. Public Authorities Law 2900 – Compensation; eminent domain taking
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§ 2900. Compensation; eminent domain taking. When property of a public benefit corporation is taken in the exercise of the power of eminent domain for a purpose substantially different from that for which it is held by such public benefit corporation, just compensation to the public benefit corporation shall be made in the same manner, to the same extent and subject to the same limitations as though it were private property.
Terms Used In N.Y. Public Authorities Law 2900
- 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.