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2012 New York Consolidated Laws
BNK - Banking
Article 13 - (600 - 634) MERGER; VOLUNTARY DISSOLUTION; SUPERINTENDENT'S TAKING POSSESSION; REORGANIZATION; LIQUIDATION
607 - Manner and time within which taking possession may be tested.


NY Banking L § 607 (2012) What's This?
 
    § 607.  Manner  and time within which taking possession may be tested.
  At  any  time  within  ten  days  after  the  superintendent  has  taken
  possession of the property and business of any banking organization such
  banking  organization  may  apply  to  the supreme court in the judicial
  district in  which  its  principal  office  is  located,  for  an  order
  requiring the superintendent to show cause why he should not be enjoined
  from  continuing  such possession. The court may, upon good cause shown,
  direct the superintendent to refrain from  further  proceedings  and  to
  surrender such possession.

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