2013 New York Consolidated Laws
ISC - Insurance
Article 74 - (7401 - 7437) REHABILITATION, LIQUIDATION, CONSERVATION AND DISSOLUTION OF INSURERS
7419 - Injunctions.


NY Ins L § 7419 (2012) What's This?
 
    § 7419. Injunctions. (a) Upon application by the superintendent for an
  order  to  show  cause under this article or at any time thereafter, the
  court in which such order is made, or any justice  thereof  may  without
  notice  issue  an  injunction  restraining  the  insurer,  its officers,
  directors, shareholders, members, trustees, agents, servants, employees,
  policyholders, attorneys, managers,  and  all  other  persons  from  the
  transaction  of its business or the waste or disposition of its property
  until further order of the court.
    (b) Such court or justice may at any time during  a  proceeding  under
  this  article  issue  such  other  injunctions  or  orders  as  it deems
  necessary  to  prevent  interference  with  the  superintendent  or  the
  proceeding,  or  waste of the assets of the insurer, or the commencement
  or prosecution of any actions, the obtaining of preferences,  judgments,
  attachments  or  other  liens,  or  the  making  of any levy against the
  insurer, its assets or any part thereof.

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