New York Codes Rules Regulations (Last Updated: March 27,2024) |
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 |
Sec. 646.1. Trust mortgage defined
Latest version.
- 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.