Section 2865 - Voluntary dissolution1. At any time after the expiration of twenty years after the occupancy date, or such earlier date as the bonds issued by the New York state housing finance agency or the New York state medical care facilities finance agency, as the case may be, with respect to the project are subject to redemption, a company may be voluntarily dissolved, with the consent of the commissioner, upon repayment in full of all obligations under the mortgage and payment of all obligations of the company, as approved by the commissioner.2. Upon such dissolution, title of the project of a limited-profit nursing home company may be conveyed in fee to the owner or owners of its shares or to any other entity authorized by law designated by it or them for the purpose, provided, however, that prior to any such dissolution and conveyance, payment shall be made of all current operating expenses, taxes, indebtedness and all accrued interest thereon and the par value of and accrued dividends on the outstanding shares of such company, if any. After such dissolution and conveyance, or such reconstitution, the provisions of this article shall become and be inapplicable to any such project and any tax exemption granted with respect to such project pursuant to this article shall cease and terminate.N.Y. Pub. Health Law § 2865