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2016 New York Laws
BNK - Banking
Article 13-A - (Banking) LICENSEES: SUPERINTENDENT'S TAKING POSSESSION: CONSERVATION: LIQUIDATION
638 - Manner and time within which taking possession may be tested.

NY Banking L § 638 (2016) What's This?
 638.  Manner  and time within which taking possession may be tested.
  At  any  time  within  ten  days  after  the  superintendent  has  taken
  possession  of  the business and property of any licensee, such licensee
  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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