New York § 624 - 624Termination of the corporation
Full text of New York New York Consolidated Laws § 624 — 624Termination of the corporation, with citation guidance and answers to common questions.
§ 624. 624Termination of the corporation
§ 624. Termination of the corporation. The corporation and its corporate existence shall continue until terminated by law; provided, however, that no such law shall take effect so long as the corporation shall have bonds, notes or other obligations outstanding. Upon termination of the existence of the corporation all of its rights, property, assets and funds shall thereupon vest in and be possessed by the state.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 624
What does New York Consolidated Laws § 624 cover?
Section 624 ("624Termination of the corporation") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 624?
A common citation format is "New York Consolidated Laws § 624" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 624 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.