2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 6 - (200 - 221) URBAN REDEVELOPMENT CORPORATIONS
214 - Transfer of real property to redevelopment corporation.

 
    §  214.  Transfer  of  real  property  to  redevelopment  corporation.
  Notwithstanding any requirement of law to the contrary or the absence of
  direct provision therefor in the instrument under which a  fiduciary  is
  acting,  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,
  the state, its subdivisions, cities, all other public bodies, all public
  officers, corporations organized under or subject to the  provisions  of
  the banking law (including savings banks, savings and loan associations,
  trust  companies, private bankers and private banking corporations), the
  superintendent of  financial  services  as  conservator,  liquidator  or
  rehabilitator  of  any such person, partnership or corporation, persons,
  partnerships  and  corporations  organized  under  or  subject  to   the
  provisions  of  the  insurance  law,  the  superintendent  of  financial
  services as conservator, liquidator or rehabilitator of any such person,
  partnership or corporation, any of which owns or holds any real property
  within a development area, may grant, sell, lease or otherwise  transfer
  any  such  real property to a redevelopment corporation, and receive and
  hold any cash, stocks, income debentures, mortgages, or other securities
  or  obligations,  secured  or  unsecured,  exchanged  therefor  by  such
  redevelopment  corporation, and may execute such instruments and do such
  acts as may be deemed necessary or desirable by them or it  and  by  the
  redevelopment  corporation  in  connection  with the development and the
  development plan.