The Executive Director of the Corporation, or if the latter has been liquidated, the Executive Director of the Authority, is hereby authorized to negotiate the specific terms and conditions of the transfer, as well as to execute and grant, on behalf and in favor of the Corporation, all certificates, deeds, agreements, contracts and other instruments deemed to be necessary or convenient to effect the transfer provided in this chapter, with the approval of the Board of Governors of the Authority.
History —Sept. 5, 1996, No. 189, § 8; Dec. 28, 1997, No. 202, § 5.