New York Disposition Of Moneys Retained; Surplus; Unclaimed Distributions.
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§ 1212. Disposition of moneys retained; surplus; unclaimed
distributions.
(a) When any action pending at the time of final distribution shall be
terminated, the receiver shall apply the moneys retained by him to the
payment of the amount recovered, and his necessary charges and expenses
incurred therein.
(b) After the final distribution to creditors and after deducting his
or her charges and expenses, the receiver shall distribute any surplus
in the manner prescribed in section 1002-a (Carrying out the plan of
dissolution and distribution of assets) or, if dissolution of the
corporation is not involved, in such manner as the court shall order.