ยง 34. Foreclosure and judgments. 1. Any action or proceeding to
foreclose a mortgage upon a company project, shall be in accordance with
the applicable provisions of section ninety-four of this chapter.
2. In the event of an unsatisfied judgment against a company any
action not pertaining to the collection of a mortgage indebtedness,
shall be in accordance with the applicable provision of section
ninety-five of this chapter.
3. For the purpose of this section, wherever reference is made in
sections ninety-four and ninety-five of this chapter to a housing
company, it shall be deemed to refer to a company as defined in this
article.
Structure New York Laws
Article 2 - Limited-Profit Housing Companies
11 - Policy and Purposes of Article.
11-A - Additional Policy and Purposes of Article.
13 - Limited-Profit Housing Companies; How Created.
13-A - The Applicability of Not-for-Profit Corporation Law.
13-B - Verification of Papers Filed With Supervising Agency.
13-C - Voting, Election and Referendum Procedures.
14 - Consent of Commissioner to Incorporation.
15 - Participation by Certain Corporations and Individuals.
16 - Limited-Profit Housing Companies; Partnership Relations.
18 - Designation of and Service of Process on Secretary of State and Registered Agent.
19 - Consideration for Issuance of Stock, Bonds or Income Debentures.
20 - Mortgages, Mortgage Bonds and Notes.
22-B - Loans for State-Aided Limited-Profit Housing Companies.
23 - Municipal Loans and Municipally Aided Projects.
23-A - Mortgage Modifications, Evidence of Pre-Existing Indebtedness.
23-B - Participation in Loan or Investment.
23-C - Mortgage Modifications.
26 - Conditions and Security for Loans.
26-A - Findings for Municipally-Aided Projects.
26-B - Special Provisions With Respect to State Urban Development Corporation Projects.
26-C - Special Provisions With Respect to Battery Park City Projects.
30 - Transfer of Real Property.
31 - Rentals and Selection of Tenants.
31-A - Resale Price of Shares.
31-B - Assignment or Pledge of Tenant Cooperator's Shares.
31-C - Tenant-Cooperators; Application of Shares.
32 - Supervision and Regulation.
32-A - Additional Supervision and Regulation.
34 - Foreclosure and Judgments.
35-A - Requirements Regarding Dissolution.
36 - Sale of Project Prior to Termination of Tax Exemption.