New York § 111-A - 111-AParticipation by certain corporations and individuals
Full text of New York New York Consolidated Laws § 111-A — 111-AParticipation by certain corporations and individuals, with citation guidance and answers to common questions.
§ 111-A. 111-AParticipation by certain corporations and individuals
§ 111-a. Participation by certain corporations and individuals. Any bank, savings bank, savings institution, savings and loan association, trust company, insurance company or association, or fiduciary authorized to invest in mortgages and mortgage bonds of a redevelopment company, or any combination of the foregoing, shall have power to participate and invest, singly or jointly, with the New York city housing development corporation in a bond or note and single participating mortgage, or in separate bonds or notes and mortgages pursuant to this article. In the event of such participation, the interest of each shall have equal priority as to lien in proportion to the amount of loan so secured, but need not be equal as to interest rate, time or rate of amortization or otherwise.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 111-A
What does New York Consolidated Laws § 111-A cover?
Section 111-A ("111-AParticipation by certain corporations and individuals") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 111-A?
A common citation format is "New York Consolidated Laws § 111-A" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 111-A apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.