State Codes and Statutes

Statutes > New-york > Bsc > Article-12 > 1204

§ 1204. Oath and security.    (a) A receiver, before entering upon his duties, shall:    (1)  Take  and subscribe an oath that he will faithfully, honestly and  impartially discharge the trust committed to him, and the oath shall  be  filed  with  the  clerk  of  the  court  in  which the action or special  proceeding is pending.    (2) File with the clerk of such court a bond to the  people,  with  at  least  two  sufficient  sureties  or  a bond executed by any fidelity or  surety company  authorized  by  the  laws  of  this  state  to  transact  business,  in  a  penalty fixed by the court appointing him, conditioned  for the faithful discharge of his duties as receiver. The court  may  at  any time direct a receiver to give a new bond with new sureties and with  like condition.

State Codes and Statutes

Statutes > New-york > Bsc > Article-12 > 1204

§ 1204. Oath and security.    (a) A receiver, before entering upon his duties, shall:    (1)  Take  and subscribe an oath that he will faithfully, honestly and  impartially discharge the trust committed to him, and the oath shall  be  filed  with  the  clerk  of  the  court  in  which the action or special  proceeding is pending.    (2) File with the clerk of such court a bond to the  people,  with  at  least  two  sufficient  sureties  or  a bond executed by any fidelity or  surety company  authorized  by  the  laws  of  this  state  to  transact  business,  in  a  penalty fixed by the court appointing him, conditioned  for the faithful discharge of his duties as receiver. The court  may  at  any time direct a receiver to give a new bond with new sureties and with  like condition.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Bsc > Article-12 > 1204

§ 1204. Oath and security.    (a) A receiver, before entering upon his duties, shall:    (1)  Take  and subscribe an oath that he will faithfully, honestly and  impartially discharge the trust committed to him, and the oath shall  be  filed  with  the  clerk  of  the  court  in  which the action or special  proceeding is pending.    (2) File with the clerk of such court a bond to the  people,  with  at  least  two  sufficient  sureties  or  a bond executed by any fidelity or  surety company  authorized  by  the  laws  of  this  state  to  transact  business,  in  a  penalty fixed by the court appointing him, conditioned  for the faithful discharge of his duties as receiver. The court  may  at  any time direct a receiver to give a new bond with new sureties and with  like condition.