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New York · Through 2026-09-11

N.Y. State Finance Law § 241: Early maturity

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Where this section sits in the code
  1. State Finance Law
  2. Article 16. Water Pollution Control Linked Deposit Program Act

§ 241. Early maturity. Unless otherwise agreed to by the corporation,

the linked deposit shall automatically mature on the thirtieth calendar

day after the occurrence of any event, monetary or non-monetary, which,

whether declared by the lender or not, constitutes a default under any

term or terms of the linked loan and such default remains uncured as of

such thirty calendar days. Upon early repayment of a linked loan, the

linked deposit shall automatically mature with payment due to the

corporation on or before the last day of the month in which prepayment

occurs.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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