State Codes and Statutes

Statutes > New-york > Pvh > Article-10 > 557

§  557.  Supervision  of  certain housing companies. The provisions of  section  thirteen  of  this  chapter  requiring  the  approval  by   the  commissioner  of  housing  of the persons incorporating a limited-profit  housing company, and the provisions of section fourteen of this  chapter  requiring  the consent of the commissioner of housing to the filing of a  certificate of incorporation of a limited-profit housing company in  the  office of the secretary of state and amendments thereof, shall not apply  to  a  municipally-aided  housing  company  organized for the purpose of  purchasing or leasing a  federally-aided  project  or  municipally-aided  project  from  a  municipality  or  housing authority. The deed or lease  shall, in such  cases,  make  provision  for  the  supervision  of  such  companies by one or more state, federal or municipal agencies.

State Codes and Statutes

Statutes > New-york > Pvh > Article-10 > 557

§  557.  Supervision  of  certain housing companies. The provisions of  section  thirteen  of  this  chapter  requiring  the  approval  by   the  commissioner  of  housing  of the persons incorporating a limited-profit  housing company, and the provisions of section fourteen of this  chapter  requiring  the consent of the commissioner of housing to the filing of a  certificate of incorporation of a limited-profit housing company in  the  office of the secretary of state and amendments thereof, shall not apply  to  a  municipally-aided  housing  company  organized for the purpose of  purchasing or leasing a  federally-aided  project  or  municipally-aided  project  from  a  municipality  or  housing authority. The deed or lease  shall, in such  cases,  make  provision  for  the  supervision  of  such  companies by one or more state, federal or municipal agencies.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pvh > Article-10 > 557

§  557.  Supervision  of  certain housing companies. The provisions of  section  thirteen  of  this  chapter  requiring  the  approval  by   the  commissioner  of  housing  of the persons incorporating a limited-profit  housing company, and the provisions of section fourteen of this  chapter  requiring  the consent of the commissioner of housing to the filing of a  certificate of incorporation of a limited-profit housing company in  the  office of the secretary of state and amendments thereof, shall not apply  to  a  municipally-aided  housing  company  organized for the purpose of  purchasing or leasing a  federally-aided  project  or  municipally-aided  project  from  a  municipality  or  housing authority. The deed or lease  shall, in such  cases,  make  provision  for  the  supervision  of  such  companies by one or more state, federal or municipal agencies.

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