N.Y. Not-for-Profit Corporation Law § 1602: Definitions

§ 1602. Definitions.

The following words and phrases when used in this article shall have

the meanings given to them in this section unless the context clearly

indicates otherwise:

(a) "board of directors" or "board" shall mean the board of directors

of a land bank;

(b) "land bank" shall mean a land bank established as a charitable

not-for-profit corporation under this chapter and in accordance with the

provisions of this article and pursuant to this article;

(c) "foreclosing governmental unit" shall mean "tax district" as

defined in subdivision six of section eleven hundred two of the real

property tax law;

(d) "municipality" shall mean a city, village, town or county other

than a county located wholly within a city;

(e) "school district" shall mean a school district as defined under

the education law; and

(f) "real property" shall mean lands, lands under water, structures

and any and all easements, air rights, franchises and incorporeal

hereditaments and every estate and right therein, legal and equitable,

including terms for years and liens by way of judgment, mortgage or

otherwise, and any and all fixtures and improvements located thereon.