2006 New York Code - Retransfer Of Academy To Its Former Trustees.

 
    § 1715. Retransfer  of academy to its former trustees.  If there shall
  be, in a dissolved union free school district, an  academy  which  shall
  have  been  adopted  as the academic department of the union free school
  district, under the provisions  of  title  nine,  chapter  five  hundred
  fifty-five of the laws of eighteen hundred sixty-four, and any amendment
  thereof, or title eight of chapter five hundred fifty-six of the laws of
  eighteen  hundred  ninety-four, and any amendment thereof, or under this
  chapter, it shall, upon the application of a majority of  the  surviving
  resident former trustees or stockholders, be transferred by the board of
  education to said former trustees or stockholders.