N.Y. Private Housing Finance Law 362 – Voluntary dissolution
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§ 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.
Terms Used In N.Y. Private Housing Finance Law 362
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.