{"data":{"id":"us-ny/n.y.-state-finance-law-241","jurisdiction":"us-ny","citation":"N.Y. State Finance Law § 241","heading":"Early maturity","body":"§ 241. Early maturity. Unless otherwise agreed to by the corporation,\nthe linked deposit shall automatically mature on the thirtieth calendar\nday after the occurrence of any event, monetary or non-monetary, which,\nwhether declared by the lender or not, constitutes a default under any\nterm or terms of the linked loan and such default remains uncured as of\nsuch thirty calendar days. Upon early repayment of a linked loan, the\nlinked deposit shall automatically mature with payment due to the\ncorporation on or before the last day of the month in which prepayment\noccurs.","path":["State Finance Law","Article 16. Water Pollution Control Linked Deposit Program Act"],"source_url":"https://legislation.nysenate.gov/api/3/laws/STF/241","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"10b61cf9256b1cb2a173a73ed53cb92bd654b7cb623696cee0e9e5f6e04cfff2","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-state-finance-law-240","next":"us-ny/n.y.-state-finance-law-242"},"notice":"GroundRules: Original legal text. Not legal advice."}