2012 New York Consolidated Laws
FIS - Financial Services Law
Article 3 - (301 - 310) ADMINISTRATIVE AND PROCEDURAL PROVISIONS
309 - Injunction to restrain violation of this chapter.


NY Fin Serv L § 309 (2012) What's This?
 
    §  309.  Injunction  to  restrain  violation  of  this chapter. (a) In
  addition to such other remedies as are provided under this chapter,  the
  superintendent  may  maintain and prosecute an action against any person
  subject to this chapter, the insurance law or the banking  law,  or  the
  person's  officers,  directors,  trustees  or agents, for the purpose of
  obtaining an injunction restraining such person or  persons  from  doing
  any  acts  in violation of the provisions of this chapter, the insurance
  law or the banking law.
    (b) In such action if the court finds that a defendant is  threatening
  or  is  likely to do any act in violation of this chapter, the insurance
  law or the banking law and that such violation  will  cause  irreparable
  injury to the interests of the people of this state, the court may grant
  an  injunction  restraining  such violation. The court may on motion and
  affidavits grant a preliminary injunction and interlocutory  injunction,
  upon  such  terms  as  may  be just; but the superintendent shall not be
  required to give security before the issuance of any such injunction.

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