2012 New York Consolidated Laws
PBH - Public Health
Article 28-B - (2870 - 2883) HOSPITAL MORTGAGE LOAN CONSTRUCTION
2877 - Transfer of real property.

 
    §  2877. 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  an
  eligible  borrower  and receive and hold any cash, exchanged therefor by
  such an eligible borrower and may execute such instruments and  do  such
  acts  as  may  be deemed necessary or desirable by them or it and by the
  eligible borrower 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.