New York Laws
Article 64 - Receivership
6401 - Appointment and Powers of Temporary Receiver.

(b) Powers of temporary receiver. The court appointing a receiver may
authorize him to take and hold real and personal property, and sue for,
collect and sell debts or claims, upon such conditions and for such
purposes as the court shall direct. A receiver shall have no power to
employ counsel unless expressly so authorized by order of the court.
Upon motion of the receiver or a party, powers granted to a temporary
receiver may be extended or limited or the receivership may be extended
to another action involving the property.
(c) Duration of temporary receivership. A temporary receivership shall
not continue after final judgment unless otherwise directed by the
court.