2006 New York Code - Final Accounting; Notice; Duty Of Attorney-general.

 
  § 1216. Final accounting; notice; duty of attorney-general.
    (a)  Within one year after qualifying, the receiver shall apply to the
  court for a final settlement of  his  accounts  and  for  an  order  for
  distribution,  or, upon notice to the attorney-general, for an extension
  of time, setting forth the reasons therefor. If the receiver has not  so
  applied  for a settlement of his accounts or for such extension of time,
  the attorney-general or any creditor or shareholder  may  apply  for  an
  order  that  the  receiver show cause why an accounting and distribution
  should not be had, and after the expiration of eighteen months from  the
  time   the   receiver   qualified,   it   shall   be  the  duty  of  the
  attorney-general to apply for such an order on notice to the receiver.
    (b) Before presenting a final account, the receiver shall give  notice
  of  his  intention to file it by publication, under subparagraph (a) (1)
  of section 1207 (Duties of receiver upon appointment), setting forth the
  time and place of filing and presentation to  the  court.  The  receiver
  shall also give not less than eight days' written notice to the sureties
  on his official bond.
    (c)  Upon  presentation  of  such  account,  the  court shall hear the
  allegations, objections and proofs of all parties interested  and  allow
  or  disallow  such account, in whole or in part, and make a final order.
  The court may refer the account and the hearing, in whole or in part, to
  a referee who shall report thereon to the court.