2015 New York Laws
BNK - Banking
Article 1 - (Banking) SHORT TITLE; DEFINITIONS; MISCELLANEOUS PROVISIONS.
9-C - Superintendent's or attorney-general's action for judicial dissolution.

9-c. Superintendent's   or   attorney-general's  action  for  judicial
       dissolution.
1. The superintendent or the attorney-general may bring an action  for
  the  dissolution  of  a  corporation  formed  under  any article of this
  chapter or formed under any other statute or special act having  as  its
  purpose  or  among its purposes a purpose for which a corporation may be
  formed under this chapter upon one or more of the following grounds:
(a) That the corporation procured  its  formation  through  fraudulent
  misrepresentation or concealment of a material fact.
(b)  That the corporation has exceeded the authority conferred upon it
  by law, or has violated any provision of law whereby  it  has  forfeited
  its  charter,  or  carried on, conducted or transacted its business in a
  persistently fraudulent or illegal manner, or by the abuse of its powers
  contrary to the public policy of the  state  has  become  liable  to  be
  dissolved.
2.  An  action  under  this  section is triable by jury as a matter of
  right.
3. The enumeration in subdivision one of grounds for dissolution shall
  not exclude actions or special proceedings by  the  superintendent,  the
  attorney-general   or   other  state  officials  for  the  annulment  or
  dissolution of a corporation  for  other  causes  as  provided  in  this
  chapter or in any other statute of this state.