ยง 362. Voluntary dissolution. At any time after the expiration of ten
years after the occupancy date, 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.
Structure New York Laws
Article 7-A - Community Senior Citizens Centers and Services Companies
351 - Policy and Purposes of Article.
354 - Consent of Commissioner.
355 - Powers and Limitations of a Company.
356 - Members; Officers and Directors.
358 - Conditions and Security for Loans.
360 - Transfer of Real Property.
361 - Supervision and Regulation.