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N.Y. Not-For-Profit Corp. Law § 1205

Designation of depositories by court

2014-09-22

§ 1205. Designation of depositories by court.\n All orders appointing a receiver of a corporation shall designate\ntherein one or more places of deposit, wherein all funds of the\ncorporation not needed for immediate disbursement shall be deposited and\nno other deposits and no investment of such funds shall be made, except\nupon the order of the court.\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.