There is a newer version
of
the New York Laws
2021 New York Laws
MHY - Mental Hygiene
Title E - General Provisions
Article 75 - Community Mental Health Services and Mental Retardation Services Companies
75.27 - Voluntary Dissolution.
Universal Citation: NY Ment Hygiene L § 75.27 (2021)
§ 75.27 Voluntary dissolution.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.
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