N.Y. Mental Hygiene Law § 75.27: Voluntary dissolution

§ 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.