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2012 New York Consolidated Laws
PVH - Private Housing Finance
Article 4 - (70 - 97) LIMITED DIVIDEND HOUSING COMPANIES
95 - Judgments against housing companies not relating to mortgage indebtedness.


NY Priv Hous Fin L § 95 (2012) What's This?
 
    §  95.  Judgments  against  housing companies not relating to mortgage
  indebtedness.  In the event of a judgment against a housing  company  in
  any  action not pertaining to the collection of a mortgage indebtedness,
  there shall be no sale of any of  the  real  property  of  such  housing
  company  except upon sixty days' written notice to the commissioner and,
  if the municipality has made a loan  to  the  housing  company,  to  the
  municipality  in  which  the  project  is  located. Upon receipt of such
  notice the commissioner and the municipality shall take such steps as in
  its judgment may be necessary to protect the rights of all parties.

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