New York Laws
Article 4 - Limited Dividend Housing Companies
90 - Purchase by Housing Companies.

§ 90. Purchase by housing companies. Before any housing company shall
purchase the property of any other housing company, it shall file an
application with the commissioner in the manner hereinbefore provided as
for a new project and shall obtain the consent of the commissioner to
the purchase and agree to be bound by the provisions of this article and
the commissioner shall not give his consent unless it is shown to the
satisfaction of the commissioner that the project is one that can be
successfully operated according to the provisions of this article.

Structure New York Laws