N.Y. Comp. Codes R. & Regs. tit. 9 § 1728-2.6
Current through Register Vol. 46, No. 25, June 18, 2024
Except as otherwise permitted by this Chapter, funds of the housing company shall not be used for any purpose other than the ordinary operation of the project, without the prior written approval of the division. Corporate funds shall not be loaned or invested without the written approval of the division; no loans or advances shall be made at any time to officers, stockholders or employees.
N.Y. Comp. Codes R. & Regs. Tit. 9 § 1728-2.6