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N.Y. General Associations Law § 10

Injunction against joint-stock association

Applied in 1 court decision — leading case Petersen Energía Inversora S.A.U. v. Argentine Republic & YPF S.A. (2018)

Most recently applied in Petersen Energía Inversora S.A.U. v. Argentine Republic & YPF S.A. (July 2018)

2014-09-22

§ 10. Injunction against joint-stock association. An injunction\norder, suspending the general and ordinary business of a joint-stock\nassociation, consisting of seven or more persons, or suspending from\noffice, or restraining from the performance of his duties, a trustee,\ndirector, or other officer thereof, can be granted only by the court,\nupon notice of the application therefor, to the proper officer of the\nassociation, or to the trustee, director, or other officer enjoined. If\nsuch an injunction order is made, otherwise than as prescribed in this\nsection, it is void.\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.