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The Laws of New York
Consolidated Laws of New York
CHAPTER 24
General Municipal
ARTICLE 17-A
Consolidation and Dissolution of Local Government
TITLE 3
Dissolution of Local Government Entities
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SECTION 789
Effect on existing laws of village
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TITLE 3
Dissolution of Local Government Entities
This entry was published on 2014-09-22
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SECTION 790
Debts, liabilities and obligations
General Municipal (GMU) CHAPTER 24, ARTICLE 17-A, TITLE 3
§ 790. Debts, liabilities and obligations. The outstanding debts,
liabilities and obligations of the dissolved local government entity
shall be assumed by the town in which the dissolved entity was situated
and shall be a charge upon the taxable property within the limits of the
dissolved entity, collected in the same manner as town taxes. The town
board shall have all powers with respect to the debts, liabilities and
obligations as the governing body of the dissolved entity possessed
prior to its dissolution, including the power to issue town bonds to
redeem bond anticipation notes issued by the dissolved entity.