N.Y. Education Law § 1715: 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.