Legislation
ARTICLE 4
Limited Dividend Housing Companies
Private Housing Finance (PVH) CHAPTER 44-B
ARTICLE IV
LIMITED DIVIDEND HOUSING COMPANIES
Section 70. General policy.
71. Definitions.
72. Housing companies; how created.
73. Consent of commissioner to creation of housing companies.
74. Application of other laws.
75. Designation of and service of process on secretary of
state and registered agent.
76. Limited return on capital and debentures.
77. Time of payment of subscription or capital contributions.
78. Consideration for capital and bonds.
79. Minimum amount of capital and debentures.
80. Income debentures.
81. Mortgages and mortgage bonds.
82. Limitations.
82-a. Redevelopment loans.
83. Execution of housing company projects.
84. Regulation of housing companies.
84-a. Additional supervision and regulation of housing
companies.
85. Control of rentals.
85-a. Selection of tenants and occupants.
85-b. Resale price of shares.
86. Reduction of rentals in housing company projects.
87. Increase of rentals in housing company projects.
88. Surplus.
89. Consolidated projects; operation of more than one project.
90. Purchase by housing companies.
91. Proceedings against housing companies.
92. Reorganization.
93. Tax exemptions.
94. Foreclosure.
95. Judgments against housing companies not relating to
mortgage indebtedness.
96. Voluntary dissolution.
97. Corporations in existence prior to enactment of article.
LIMITED DIVIDEND HOUSING COMPANIES
Section 70. General policy.
71. Definitions.
72. Housing companies; how created.
73. Consent of commissioner to creation of housing companies.
74. Application of other laws.
75. Designation of and service of process on secretary of
state and registered agent.
76. Limited return on capital and debentures.
77. Time of payment of subscription or capital contributions.
78. Consideration for capital and bonds.
79. Minimum amount of capital and debentures.
80. Income debentures.
81. Mortgages and mortgage bonds.
82. Limitations.
82-a. Redevelopment loans.
83. Execution of housing company projects.
84. Regulation of housing companies.
84-a. Additional supervision and regulation of housing
companies.
85. Control of rentals.
85-a. Selection of tenants and occupants.
85-b. Resale price of shares.
86. Reduction of rentals in housing company projects.
87. Increase of rentals in housing company projects.
88. Surplus.
89. Consolidated projects; operation of more than one project.
90. Purchase by housing companies.
91. Proceedings against housing companies.
92. Reorganization.
93. Tax exemptions.
94. Foreclosure.
95. Judgments against housing companies not relating to
mortgage indebtedness.
96. Voluntary dissolution.
97. Corporations in existence prior to enactment of article.