N.Y. Mental Hygiene Law 75.27 – Voluntary dissolution
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§ 75.27 Voluntary dissolution.
Terms Used In N.Y. Mental Hygiene Law 75.27
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
At any time after the expiration of twenty years after the occupancy date, or such earlier date as the bonds issued by the New York state housing finance agency with respect to the project are subject to redemption, a company may be voluntarily dissolved, with the consent of the commissioner, upon repayment in full of all obligations under the mortgage and payment of all obligations of the company, as approved by the commissioner.