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2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 17 - (1001 - 1011) HOUSING AND COMMUNITY PRESERVATION IN RURAL AREAS
1011 - Merged company savings fund.


NY Priv Hous Fin L § 1011 (2012) What's This?
 
    §  1011. Merged company savings fund. The division shall create a fund
  to hold and shall transfer all funds determined to be merged corporation
  savings pursuant to paragraph (d) of subdivision  five  of  section  one
  thousand  four  of  this  article into such fund. The division shall use
  such funds, as available, for entering into new contracts,  pursuant  to
  section   one  thousand  three  of  this  article,  with  not-for-profit
  corporations located in areas of the state that are  currently  unserved
  by  a not-for-profit corporation that is maintaining a contract pursuant
  to section one thousand three of this article.

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