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.
Structure New York Laws
Article 75 - Community Mental Health Services and Developmental Disabilities Services Companies
75.03 - Policy and Purposes of Article.
75.07 - Companies; How Created.
75.09 - Approval of Commissioner.
75.13 - Powers and Limitations of a Company.
75.15 - Members, Officers, and Directors.
75.19 - Conditions and Security for Loans.
75.23 - Transfer of Real Property.
75.25 - Supervision and Regulation.
75.27 - Voluntary Dissolution.