New York Codes, Rules and Regulations
Title 20 - DEPARTMENT OF TAXATION AND FINANCE
Chapter IV - Sales And Use And Other Miscellaneous Taxes
Subchapter D - Mortgage Recording Taxes
Part 646 - Trust Mortgages
Section 646.1 - Trust mortgage defined
Universal Citation: 20 NY Comp Codes Rules and Regs ยง 646.1
Current through Register Vol. 46, No. 12, March 20, 2024
Tax Law, § 259
(a) Trust mortgage means a mortgage given by a corporation to a trustee to secure payment of bonds or obligations issued or to be issued by such corporation.
(b) The bonds or obligations secured by the trust mortgage may be issued prior to or after the mortgage has been presented for recording.
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