1. The Laws of New York
  2. Consolidated Laws
  3. Not-For-Profit Corporation
  4. Article 12: Receivership


Section 1214 Application by attorney-general for removal of receiver and to close receivership

Not-For-Profit Corporation (NPC)

Application by attorney-general for removal of receiver and to

   close receivership.

  (a) Whenever he or she deems it to be to the advantage of the members, creditors or other persons interested in the assets of any corporation for which a receiver has been appointed, the attorney-general may move:

  (1) For an order removing the receiver and appointing another receiver;

  (2) To compel the receiver to account;

  (3) For such other and additional orders as may facilitate the closing of the receivership.