State Codes and Statutes

Statutes > New-york > Bsc > Article-12 > 1203

§ 1203. Temporary and permanent receiver.    (a)  At any stage before final judgment or final order in an action or  special proceeding brought under this article, the court may appoint one  or more receivers of the property of the corporation or of the  property  in  this state of a foreign corporation against which an action has been  brought under subparagraph (a)  (4)  of  section  1202  (Appointment  of  receiver of property of a domestic or foreign corporation). Notice of an  application  for  the  appointment  of  a receiver shall be given to the  attorney-general and to such other persons and in  such  manner  as  the  court  directs.  The  determination  by  the  court  of the necessity or  advisability of appointing a receiver or an attorney for a receiver, and  the allowance of expenses, commissions or compensation to  the  receiver  or  his  attorney,  shall be subject to review on appeal. This provision  shall not affect any other right to review on appeal.    (b) A receiver appointed by or under a final judgment or order  in  an  action  or  special proceeding, or a temporary receiver who is continued  by the final judgment or order, is a permanent receiver. The  court  may  confer  upon  a  temporary  receiver  the powers, and subject him to the  duties of a permanent receiver, or so much thereof as it deems proper.

State Codes and Statutes

Statutes > New-york > Bsc > Article-12 > 1203

§ 1203. Temporary and permanent receiver.    (a)  At any stage before final judgment or final order in an action or  special proceeding brought under this article, the court may appoint one  or more receivers of the property of the corporation or of the  property  in  this state of a foreign corporation against which an action has been  brought under subparagraph (a)  (4)  of  section  1202  (Appointment  of  receiver of property of a domestic or foreign corporation). Notice of an  application  for  the  appointment  of  a receiver shall be given to the  attorney-general and to such other persons and in  such  manner  as  the  court  directs.  The  determination  by  the  court  of the necessity or  advisability of appointing a receiver or an attorney for a receiver, and  the allowance of expenses, commissions or compensation to  the  receiver  or  his  attorney,  shall be subject to review on appeal. This provision  shall not affect any other right to review on appeal.    (b) A receiver appointed by or under a final judgment or order  in  an  action  or  special proceeding, or a temporary receiver who is continued  by the final judgment or order, is a permanent receiver. The  court  may  confer  upon  a  temporary  receiver  the powers, and subject him to the  duties of a permanent receiver, or so much thereof as it deems proper.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Bsc > Article-12 > 1203

§ 1203. Temporary and permanent receiver.    (a)  At any stage before final judgment or final order in an action or  special proceeding brought under this article, the court may appoint one  or more receivers of the property of the corporation or of the  property  in  this state of a foreign corporation against which an action has been  brought under subparagraph (a)  (4)  of  section  1202  (Appointment  of  receiver of property of a domestic or foreign corporation). Notice of an  application  for  the  appointment  of  a receiver shall be given to the  attorney-general and to such other persons and in  such  manner  as  the  court  directs.  The  determination  by  the  court  of the necessity or  advisability of appointing a receiver or an attorney for a receiver, and  the allowance of expenses, commissions or compensation to  the  receiver  or  his  attorney,  shall be subject to review on appeal. This provision  shall not affect any other right to review on appeal.    (b) A receiver appointed by or under a final judgment or order  in  an  action  or  special proceeding, or a temporary receiver who is continued  by the final judgment or order, is a permanent receiver. The  court  may  confer  upon  a  temporary  receiver  the powers, and subject him to the  duties of a permanent receiver, or so much thereof as it deems proper.