There Is a Newer Version
of
the New York Laws
2021 New York Laws
BSC - Business Corporation
Article 12 - Receivership
1214 - Application by Attorney-General for Removal of Receiver and to Close Receivership.
Universal Citation:
NY Bus Corp L § 1214 (2021)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
§ 1214. Application by attorney-general for removal of receiver and to
close receivership. (a) Whenever he deems it to be to the advantage of the shareholders,
creditors or other persons interested in the assets of any corporation
for which a receiver has been appointed, the attorney-general may move:
(1) For an order removing the receiver and appointing another in his
stead;
(2) To compel the receiver to account;
(3) For such other and additional orders as may facilitate the closing
of the receivership.
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