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This entry was published on 2014-09-22
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Transfer of real property
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 7-A
§ 360. Transfer of real property. Notwithstanding any requirement of
law to the contrary or any provision of any general, special or local
law, charter or ordinance, every executor, administrator, trustee,
guardian or other person holding trust funds or acting in a fiduciary
capacity, unless the instrument under which such fiduciary is acting
expressly forbids, and the state, its subdivisions, municipalities, all
other public bodies, all public officers, persons, partnerships and
corporations owning or holding any real property, may grant, sell, lease
or otherwise transfer any such real property or interest therein to a
company and receive and hold any cash, exchanged therefor by such
company and may execute such instruments and do such acts as may be
deemed necessary or desirable by them or it and by the company in
connection with a project or projects and such sale, lease or transfer
may be made without public auction or bidding; provided, however, that
where such real property is within an urban renewal area, the
disposition thereof shall be in accordance with the provisions of
paragraph (d) of subdivision two of section five hundred seven of the
general municipal law.