Public-domain · open source
OpenJurist

N.Y. Banking Law § 638

Manner and time within which taking possession may be tested

2014-09-22

§ 638. Manner and time within which taking possession may be tested.\nAt any time within ten days after the superintendent has taken\npossession of the business and property of any licensee, such licensee\nmay apply to the supreme court in the judicial district in which its\nprincipal office is located, for an order requiring the superintendent\nto show cause why he should not be enjoined from continuing such\npossession. The court may, upon good cause shown, direct the\nsuperintendent to refrain from further proceedings and to surrender such\npossession.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.