§ 73. Consent of commissioner to creation of housing companies. 1. If any certificate made pursuant to subdivision one of section seventy-two shall be presented to the secretary of state he shall not file said certificate unless there shall accompany the same a certificate of the commissioner that he consents to the filing of such certificate. In the case of a housing company which is a partnership or trust, the certificate shall be filed with the commissioner.

Terms Used In N.Y. Private Housing Finance Law 73

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.

2. The commissioner shall not accept for filing a certificate of a housing company which is a partnership (general or limited) or a trust unless there has first been filed with him a partnership agreement or trust agreement as the case may be, the terms and conditions of which shall be subject to his approval.

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