N.Y. Private Housing Finance Law 603 – Pending actions or proceedings
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§ 603. Pending actions or proceedings. This chapter or anything therein contained shall not affect or abate any actions, proceedings, civil or criminal, pending at the time when this chapter shall take effect, brought by, for or against the state, the state division of housing, any municipality, limited-profit housing company, the New York state housing finance agency, limited-dividend housing corporation, redevelopment company, urban redevelopment corporation or mortgage facilities corporation, under or in pursuance of the provisions of the laws repealed by this chapter; but all such actions or proceedings may be continued, prosecuted, conducted and completed as if such laws were not repealed but continued to be fully effective.
Terms Used In N.Y. Private Housing Finance Law 603
- 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.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.