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    • Legislation USA
    • New York Laws
    • BSC - Business Corporation
    • Article 12 - Receivership
    • 1205 - Designation of Depositories by Court.

    New York Laws
    Article 12 - Receivership
    1205 - Designation of Depositories by Court.


    All orders appointing a receiver of a corporation shall designate
    therein one or more places of deposit, wherein all funds of the
    corporation not needed for immediate disbursement shall be deposited and
    no other deposits and no investment of such funds shall be made, except
    upon the order of the court.

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    Structure New York Laws

    New York Laws

    BSC - Business Corporation

    Article 12 - Receivership

    1201 - Action by Judgment Creditor for Sequestration.

    1202 - Appointment of Receiver of Property of a Domestic or Foreign Corporation.

    1203 - Temporary and Permanent Receiver.

    1204 - Oath and Security.

    1205 - Designation of Depositories by Court.

    1206 - Powers of Permanent Receiver.

    1207 - Duties of Receiver Upon Appointment.

    1208 - Penalty for Concealing Property From Receiver.

    1209 - Recovery of Assets.

    1210 - Order of Payment by Receiver.

    1211 - Final Distribution by Receiver.

    1212 - Disposition of Moneys Retained; Surplus; Unclaimed Distributions.

    1213 - Omission or Default of Receiver.

    1214 - Application by Attorney-General for Removal of Receiver and to Close Receivership.

    1215 - Resignation by Receiver; Filling Any Vacancy.

    1216 - Final Accounting; Notice; Duty of Attorney-General.

    1217 - Commissions.

    1218 - Special Provisions Relating to Actions or Special Proceedings Against Foreign Corporations.

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