State Codes and Statutes

Statutes > New-york > Bsc > Article-12 > 1218

§ 1218. Special  provisions  relating  to actions or special proceedings            against foreign corporations.    (a) In any action or special  proceeding  brought  against  a  foreign  corporation under this article, the following provisions shall apply:    (1) Service  of  the  summons  in  such  action may be made personally  within the state of New York, by delivery of the same to any officer  or  director  of  the  corporation,  or  by publication pursuant to an order  obtained as hereinafter provided.    (2) An order directing service by publication of the summons shall  be  made  upon  application  of  a plaintiff in any such action and shall be  founded upon a verified complaint, alleging  that  the  defendant  is  a  foreign  corporation  and  has or may have or may be entitled to assets,  credits, choses in action or  other  property,  tangible  or  intangible  within   the  state  and  that  such  corporation  has  been  dissolved,  nationalized or that its authority or existence has been  terminated  or  cancelled  in  the  jurisdiction  of  its  incorporation, or that it has  ceased to do business, and upon  an  affidavit  reciting  that  personal  service  of  the  summons  cannot  be effected within the state with due  diligence and that a temporary receiver of its property within the state  of New York has been appointed pursuant to this article in  such  action  and  that  a  copy  of the order appointing the receiver has been served  personally by or on behalf of such  receiver  upon  a  person,  firm  or  corporation  holding  property,  tangible  or  intangible,  of  the said  foreign corporation, or against whom a claim or demand in favor of  such  foreign  corporation  exists and that demand therefor has been made upon  such person, firm or corporation by or on behalf of such receiver.    (3) The order directing service  of  the  summons  shall  require  the  publication thereof in a newspaper published in the state of New York in  the English language at least once a week for four successive weeks, and  shall  also  require  the  mailing  on  or  before the date of the first  publication of a copy  of  the  summons,  complaint  and  order  to  the  corporation  at  its last known principal or head office in the state or  country of its incorporation.    (4) In any such action, the summons shall be served personally  or  an  order directing service thereof by publication shall be obtained and the  first  publication  thereof made within sixty days after the appointment  of the temporary receiver, and if served  by  publication,  the  service  shall be made complete by the continuance thereof.    (5) If  served  by publication, service of the summons shall be deemed  complete on the date of the last publication. The action shall be deemed  commenced upon the issuance of the summons.  The  order  appointing  the  receiver and the papers upon which the same is granted shall be filed in  the  office of the clerk of the court where the action is triable within  ten days after the order is made.    (6) In the event that the defendant defaults in answering, or if after  a trial the court is satisfied that  the  defendant  has  ceased  to  do  business  by  reason  of  any thing or matter whatsoever, or that it has  been dissolved, nationalized, or its authority  or  existence  has  been  otherwise  terminated  or  cancelled,  the  court shall thereupon direct  judgment, appointing a permanent receiver and directing the receiver  to  liquidate  the  assets, credits, choses in action and property, tangible  and intangible, in the state of New York of the said defendant,  in  the  manner provided in this article.    (7) The  time  between the cessation of business by the corporation or  its dissolution or nationalization or the termination or cancellation of  its authority or existence and the appointment of  a  receiver  in  this  state  pursuant  to  this  article, whichever time is longer, plus three  years after such appointment, shall not be a part of the time limited bydomestic or foreign law for the commencement of an  action  or  for  the  assertion  of  a  claim  therein  by  or  on  behalf  of or against said  corporation or by or against said receiver, whether or not  said  action  or  claim  has  heretofore  been barred by any statute of limitations of  this state or of any other state or country.    (8) The  existence  of  and  causes  of  action  of  or  against  such  corporation existing at the time of its dissolution, nationalization, or  the  termination  or  cancellation  of  its  authority  or existence, or  arising thereafter, shall  not  be  deemed  ended,  abated  or  affected  thereby,  nor  shall actions brought by or against such corporation or a  receiver appointed hereunder or any remedy therein  be  deemed  to  have  ended  or abated or to have been affected by reason of such dissolution,  nationalization, or termination or  cancellation  of  its  authority  or  existence.  This  provision  shall  apply  to all property, tangible and  intangible, debts, demands, and choses in  action  of  such  corporation  within  the  state  of  New  York,  and  to all litigation heretofore or  hereafter brought in the courts of the state or of the United States  to  which  the  corporation  or  the  receiver of said corporation appointed  pursuant to the provisions of this article  is  a  party.  Any  receiver  appointed  pursuant to the provisions of this article may be substituted  for such corporation in any action or proceeding pending in  the  courts  of  the  state  or  of  the United States to which such corporation is a  party and may intervene in any action or proceeding which relates to  or  affects  any  of  the assets or claims of the corporation and revive any  action which shall have heretofore or which may hereafter  have  abated,  and such dissolution, nationalization, or termination or cancellation of  its  authority or existence in the jurisdiction of its incorporation, or  any confiscatory law or decree thereof, shall not be deemed to have  any  extra-territorial  effect  or  validity  as to the property, tangible or  intangible, debts, demands or  choses  in  action  of  such  corporation  within  the  state or any debts or obligations owing to such corporation  from persons,  firms  or  corporations  residing,  sojourning  or  doing  business  in  the  state. Nothing contained in this subdivision shall be  deemed to validate claims for or causes of action or actions to  recover  property   located   in   or  moneys  payable  in  the  jurisdiction  of  incorporation  which  are  unenforcible   under   the   laws   of   such  jurisdiction.    (9) If  any  receiver or trustee has heretofore been appointed in this  state for such corporation or its property in any action or  proceeding,  either  before or supplementary to judgment, otherwise than in an action  brought pursuant to this  article,  such  receiver  or  trustee  may  be  appointed or continued as the receiver in any action brought pursuant to  the provisions of this article.    (10) The  appointment  of  a receiver or the pendency of an action for  the appointment of such receiver, shall until  such  receiver  shall  be  discharged  or  until such action shall have terminated, be a bar to any  subsequent application or action for the appointment of  a  receiver  of  the assets of the same corporation.    (11) An  action  shall  be  commenced  within  three  years  from  the  discovery by the plaintiff or his predecessor in interest, of any  asset  of said corporation in the state of New York.

State Codes and Statutes

Statutes > New-york > Bsc > Article-12 > 1218

§ 1218. Special  provisions  relating  to actions or special proceedings            against foreign corporations.    (a) In any action or special  proceeding  brought  against  a  foreign  corporation under this article, the following provisions shall apply:    (1) Service  of  the  summons  in  such  action may be made personally  within the state of New York, by delivery of the same to any officer  or  director  of  the  corporation,  or  by publication pursuant to an order  obtained as hereinafter provided.    (2) An order directing service by publication of the summons shall  be  made  upon  application  of  a plaintiff in any such action and shall be  founded upon a verified complaint, alleging  that  the  defendant  is  a  foreign  corporation  and  has or may have or may be entitled to assets,  credits, choses in action or  other  property,  tangible  or  intangible  within   the  state  and  that  such  corporation  has  been  dissolved,  nationalized or that its authority or existence has been  terminated  or  cancelled  in  the  jurisdiction  of  its  incorporation, or that it has  ceased to do business, and upon  an  affidavit  reciting  that  personal  service  of  the  summons  cannot  be effected within the state with due  diligence and that a temporary receiver of its property within the state  of New York has been appointed pursuant to this article in  such  action  and  that  a  copy  of the order appointing the receiver has been served  personally by or on behalf of such  receiver  upon  a  person,  firm  or  corporation  holding  property,  tangible  or  intangible,  of  the said  foreign corporation, or against whom a claim or demand in favor of  such  foreign  corporation  exists and that demand therefor has been made upon  such person, firm or corporation by or on behalf of such receiver.    (3) The order directing service  of  the  summons  shall  require  the  publication thereof in a newspaper published in the state of New York in  the English language at least once a week for four successive weeks, and  shall  also  require  the  mailing  on  or  before the date of the first  publication of a copy  of  the  summons,  complaint  and  order  to  the  corporation  at  its last known principal or head office in the state or  country of its incorporation.    (4) In any such action, the summons shall be served personally  or  an  order directing service thereof by publication shall be obtained and the  first  publication  thereof made within sixty days after the appointment  of the temporary receiver, and if served  by  publication,  the  service  shall be made complete by the continuance thereof.    (5) If  served  by publication, service of the summons shall be deemed  complete on the date of the last publication. The action shall be deemed  commenced upon the issuance of the summons.  The  order  appointing  the  receiver and the papers upon which the same is granted shall be filed in  the  office of the clerk of the court where the action is triable within  ten days after the order is made.    (6) In the event that the defendant defaults in answering, or if after  a trial the court is satisfied that  the  defendant  has  ceased  to  do  business  by  reason  of  any thing or matter whatsoever, or that it has  been dissolved, nationalized, or its authority  or  existence  has  been  otherwise  terminated  or  cancelled,  the  court shall thereupon direct  judgment, appointing a permanent receiver and directing the receiver  to  liquidate  the  assets, credits, choses in action and property, tangible  and intangible, in the state of New York of the said defendant,  in  the  manner provided in this article.    (7) The  time  between the cessation of business by the corporation or  its dissolution or nationalization or the termination or cancellation of  its authority or existence and the appointment of  a  receiver  in  this  state  pursuant  to  this  article, whichever time is longer, plus three  years after such appointment, shall not be a part of the time limited bydomestic or foreign law for the commencement of an  action  or  for  the  assertion  of  a  claim  therein  by  or  on  behalf  of or against said  corporation or by or against said receiver, whether or not  said  action  or  claim  has  heretofore  been barred by any statute of limitations of  this state or of any other state or country.    (8) The  existence  of  and  causes  of  action  of  or  against  such  corporation existing at the time of its dissolution, nationalization, or  the  termination  or  cancellation  of  its  authority  or existence, or  arising thereafter, shall  not  be  deemed  ended,  abated  or  affected  thereby,  nor  shall actions brought by or against such corporation or a  receiver appointed hereunder or any remedy therein  be  deemed  to  have  ended  or abated or to have been affected by reason of such dissolution,  nationalization, or termination or  cancellation  of  its  authority  or  existence.  This  provision  shall  apply  to all property, tangible and  intangible, debts, demands, and choses in  action  of  such  corporation  within  the  state  of  New  York,  and  to all litigation heretofore or  hereafter brought in the courts of the state or of the United States  to  which  the  corporation  or  the  receiver of said corporation appointed  pursuant to the provisions of this article  is  a  party.  Any  receiver  appointed  pursuant to the provisions of this article may be substituted  for such corporation in any action or proceeding pending in  the  courts  of  the  state  or  of  the United States to which such corporation is a  party and may intervene in any action or proceeding which relates to  or  affects  any  of  the assets or claims of the corporation and revive any  action which shall have heretofore or which may hereafter  have  abated,  and such dissolution, nationalization, or termination or cancellation of  its  authority or existence in the jurisdiction of its incorporation, or  any confiscatory law or decree thereof, shall not be deemed to have  any  extra-territorial  effect  or  validity  as to the property, tangible or  intangible, debts, demands or  choses  in  action  of  such  corporation  within  the  state or any debts or obligations owing to such corporation  from persons,  firms  or  corporations  residing,  sojourning  or  doing  business  in  the  state. Nothing contained in this subdivision shall be  deemed to validate claims for or causes of action or actions to  recover  property   located   in   or  moneys  payable  in  the  jurisdiction  of  incorporation  which  are  unenforcible   under   the   laws   of   such  jurisdiction.    (9) If  any  receiver or trustee has heretofore been appointed in this  state for such corporation or its property in any action or  proceeding,  either  before or supplementary to judgment, otherwise than in an action  brought pursuant to this  article,  such  receiver  or  trustee  may  be  appointed or continued as the receiver in any action brought pursuant to  the provisions of this article.    (10) The  appointment  of  a receiver or the pendency of an action for  the appointment of such receiver, shall until  such  receiver  shall  be  discharged  or  until such action shall have terminated, be a bar to any  subsequent application or action for the appointment of  a  receiver  of  the assets of the same corporation.    (11) An  action  shall  be  commenced  within  three  years  from  the  discovery by the plaintiff or his predecessor in interest, of any  asset  of said corporation in the state of New York.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Bsc > Article-12 > 1218

§ 1218. Special  provisions  relating  to actions or special proceedings            against foreign corporations.    (a) In any action or special  proceeding  brought  against  a  foreign  corporation under this article, the following provisions shall apply:    (1) Service  of  the  summons  in  such  action may be made personally  within the state of New York, by delivery of the same to any officer  or  director  of  the  corporation,  or  by publication pursuant to an order  obtained as hereinafter provided.    (2) An order directing service by publication of the summons shall  be  made  upon  application  of  a plaintiff in any such action and shall be  founded upon a verified complaint, alleging  that  the  defendant  is  a  foreign  corporation  and  has or may have or may be entitled to assets,  credits, choses in action or  other  property,  tangible  or  intangible  within   the  state  and  that  such  corporation  has  been  dissolved,  nationalized or that its authority or existence has been  terminated  or  cancelled  in  the  jurisdiction  of  its  incorporation, or that it has  ceased to do business, and upon  an  affidavit  reciting  that  personal  service  of  the  summons  cannot  be effected within the state with due  diligence and that a temporary receiver of its property within the state  of New York has been appointed pursuant to this article in  such  action  and  that  a  copy  of the order appointing the receiver has been served  personally by or on behalf of such  receiver  upon  a  person,  firm  or  corporation  holding  property,  tangible  or  intangible,  of  the said  foreign corporation, or against whom a claim or demand in favor of  such  foreign  corporation  exists and that demand therefor has been made upon  such person, firm or corporation by or on behalf of such receiver.    (3) The order directing service  of  the  summons  shall  require  the  publication thereof in a newspaper published in the state of New York in  the English language at least once a week for four successive weeks, and  shall  also  require  the  mailing  on  or  before the date of the first  publication of a copy  of  the  summons,  complaint  and  order  to  the  corporation  at  its last known principal or head office in the state or  country of its incorporation.    (4) In any such action, the summons shall be served personally  or  an  order directing service thereof by publication shall be obtained and the  first  publication  thereof made within sixty days after the appointment  of the temporary receiver, and if served  by  publication,  the  service  shall be made complete by the continuance thereof.    (5) If  served  by publication, service of the summons shall be deemed  complete on the date of the last publication. The action shall be deemed  commenced upon the issuance of the summons.  The  order  appointing  the  receiver and the papers upon which the same is granted shall be filed in  the  office of the clerk of the court where the action is triable within  ten days after the order is made.    (6) In the event that the defendant defaults in answering, or if after  a trial the court is satisfied that  the  defendant  has  ceased  to  do  business  by  reason  of  any thing or matter whatsoever, or that it has  been dissolved, nationalized, or its authority  or  existence  has  been  otherwise  terminated  or  cancelled,  the  court shall thereupon direct  judgment, appointing a permanent receiver and directing the receiver  to  liquidate  the  assets, credits, choses in action and property, tangible  and intangible, in the state of New York of the said defendant,  in  the  manner provided in this article.    (7) The  time  between the cessation of business by the corporation or  its dissolution or nationalization or the termination or cancellation of  its authority or existence and the appointment of  a  receiver  in  this  state  pursuant  to  this  article, whichever time is longer, plus three  years after such appointment, shall not be a part of the time limited bydomestic or foreign law for the commencement of an  action  or  for  the  assertion  of  a  claim  therein  by  or  on  behalf  of or against said  corporation or by or against said receiver, whether or not  said  action  or  claim  has  heretofore  been barred by any statute of limitations of  this state or of any other state or country.    (8) The  existence  of  and  causes  of  action  of  or  against  such  corporation existing at the time of its dissolution, nationalization, or  the  termination  or  cancellation  of  its  authority  or existence, or  arising thereafter, shall  not  be  deemed  ended,  abated  or  affected  thereby,  nor  shall actions brought by or against such corporation or a  receiver appointed hereunder or any remedy therein  be  deemed  to  have  ended  or abated or to have been affected by reason of such dissolution,  nationalization, or termination or  cancellation  of  its  authority  or  existence.  This  provision  shall  apply  to all property, tangible and  intangible, debts, demands, and choses in  action  of  such  corporation  within  the  state  of  New  York,  and  to all litigation heretofore or  hereafter brought in the courts of the state or of the United States  to  which  the  corporation  or  the  receiver of said corporation appointed  pursuant to the provisions of this article  is  a  party.  Any  receiver  appointed  pursuant to the provisions of this article may be substituted  for such corporation in any action or proceeding pending in  the  courts  of  the  state  or  of  the United States to which such corporation is a  party and may intervene in any action or proceeding which relates to  or  affects  any  of  the assets or claims of the corporation and revive any  action which shall have heretofore or which may hereafter  have  abated,  and such dissolution, nationalization, or termination or cancellation of  its  authority or existence in the jurisdiction of its incorporation, or  any confiscatory law or decree thereof, shall not be deemed to have  any  extra-territorial  effect  or  validity  as to the property, tangible or  intangible, debts, demands or  choses  in  action  of  such  corporation  within  the  state or any debts or obligations owing to such corporation  from persons,  firms  or  corporations  residing,  sojourning  or  doing  business  in  the  state. Nothing contained in this subdivision shall be  deemed to validate claims for or causes of action or actions to  recover  property   located   in   or  moneys  payable  in  the  jurisdiction  of  incorporation  which  are  unenforcible   under   the   laws   of   such  jurisdiction.    (9) If  any  receiver or trustee has heretofore been appointed in this  state for such corporation or its property in any action or  proceeding,  either  before or supplementary to judgment, otherwise than in an action  brought pursuant to this  article,  such  receiver  or  trustee  may  be  appointed or continued as the receiver in any action brought pursuant to  the provisions of this article.    (10) The  appointment  of  a receiver or the pendency of an action for  the appointment of such receiver, shall until  such  receiver  shall  be  discharged  or  until such action shall have terminated, be a bar to any  subsequent application or action for the appointment of  a  receiver  of  the assets of the same corporation.    (11) An  action  shall  be  commenced  within  three  years  from  the  discovery by the plaintiff or his predecessor in interest, of any  asset  of said corporation in the state of New York.