Any persons having possession of property belonging to the
corporation, who shall wrongfully withhold such property from the
receiver after the day specified in the notice given under section 1207
(Duties of receiver upon appointment), shall forfeit to the receiver
double the value of such property, and the same may be recovered in an
action by the receiver.
Structure New York Laws
1201 - Action by Judgment Creditor for Sequestration.
1202 - Appointment of Receiver of Property of a Domestic or Foreign Corporation.
1203 - Temporary and Permanent Receiver.
1205 - Designation of Depositories by Court.
1206 - Powers of Permanent Receiver.
1207 - Duties of Receiver Upon Appointment.
1208 - Penalty for Concealing Property From Receiver.
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.
1218 - Special Provisions Relating to Actions or Special Proceedings Against Foreign Corporations.