{"data":{"id":"us-ny/n.y.-private-housing-finance-law-31-b","jurisdiction":"us-ny","citation":"N.Y. Private Housing Finance Law § 31-b","heading":"Assignment or pledge of tenant cooperator's shares","body":"§ 31-b. Assignment or pledge of tenant cooperator's shares.\nNotwithstanding any other provision of law, a tenant cooperator's shares\nin a mutual company may be assigned or pledged as collateral for the\npurpose of securing a loan for the purchase of such shares.  The\ncommissioner or supervising agency, as the case may be, shall promulgate\nregulations which provide that in the event of a default of such loan,\nsuch shares may be resold, and the dwelling accommodations represented\nby such shares may be occupied, only in accordance with the provisions\nof this article.","path":["Private Housing Finance Law","Article 2. Limited-profit Housing Companies"],"source_url":"https://legislation.nysenate.gov/api/3/laws/PVH/31-B","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"e28b3ee4e4eb6a41f0043343eef2fc922b7729952db9bd5cc9a81e8f04e3e659","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-private-housing-finance-law-31-a","next":"us-ny/n.y.-private-housing-finance-law-31-c"},"notice":"GroundRules: Original legal text. Not legal advice."}