Section 92. Reorganization  


Latest version.
  • 1. Reorganization of housing companies shall be
      subject  to  the supervision and control of the commissioner and no such
      reorganization  shall  be  had  without   the   authorization   of   the
      commissioner.
        2.  Upon all such reorganizations the capital structure of the housing
      company shall  be  subject  to  the  approval  of  the  commissioner  in
      accordance with the provisions of section seventy-eight of this article.