N.Y. Mental Hygiene Law Section 75.27
Voluntary dissolution

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.

Source: Section 75.27 — Voluntary dissolution, https://www.­nysenate.­gov/legislation/laws/MHY/75.­27 (updated Sep. 22, 2014; accessed Dec. 2, 2023).

Dec. 2, 2023

Last modified:
Sep. 22, 2014

§ 75.27’s source at nysenate​.gov

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