New York § 70 General policy

New York Statutes

§ 70 — General policy

New York § 70

Law PVHPrivate Housing Finance

Art. 4Limited Dividend Housing Companies

This text of New York § 70 (General policy) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Private Housing Finance § 70 (2026).

Text

  § 70. General policy. It is hereby declared to be the policy of this\narticle to encourage the investment of the savings of the people in low\nrent housing accommodations, to protect such investment against loss and\nto assure a fair return thereon. To this end, every responsible official\nof the state shall, wherever necessary, take all reasonable steps to the\nend that the security and safety of the mortgages referred to in this\narticle shall be safeguarded and to maintain public confidence in the\nstock and obligations of housing companies created under this article.\n

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§ 70. General policy. It is hereby declared to be the policy of this\narticle to encourage the investment of the savings of the people in low\nrent housing accommodations, to protect such investment against loss and\nto assure a fair return thereon. To this end, every responsible official\nof the state shall, wherever necessary, take all reasonable steps to the\nend that the security and safety of the mortgages referred to in this\narticle shall be safeguarded and to maintain public confidence in the\nstock and obligations of housing companies created under this article.\n

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New York § 70, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/PVH/70.