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N.Y. Not-For-Profit Corp. Law § 1201

Action by judgment creditor for sequestration

2014-09-22

§ 1201. Action by judgment creditor for sequestration.\n Where final judgment for a sum of money has been rendered against a\ncorporation, and an execution issued thereupon to the sheriff of the\ncounty where the corporation conducts its activities, or where its\noffice is located, has been returned wholly or partly unsatisfied, the\njudgment creditor may maintain an action to procure a judgment\nsequestrating the property of the corporation and providing for a\ndistribution thereof.\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.