New York § 607 Manner and time within which taking possession may be tested

New York Statutes

§ 607 — Manner and time within which taking possession may be tested

New York § 607

Law BNKBanking

Art. 13Merger; Voluntary Dissolution; Superintendent's Taking Possession; Reorganization; Liquidation

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Bluebook

N.Y. Banking § 607 (2026).

Text

  § 607. Manner and time within which taking possession may be tested.\nAt any time within ten days after the superintendent has taken\npossession of the property and business of any banking organization such\nbanking organization may apply to the supreme court in the judicial\ndistrict in which its principal office is located, for an order\nrequiring the superintendent to show cause why he should not be enjoined\nfrom continuing such possession. The court may, upon good cause shown,\ndirect the superintendent to refrain from further proceedings and to\nsurrender such possession.\n

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§ 607. Manner and time within which taking possession may be tested.\nAt any time within ten days after the superintendent has taken\npossession of the property and business of any banking organization such\nbanking organization may apply to the supreme court in the judicial\ndistrict in which its principal office is located, for an order\nrequiring the superintendent to show cause why he should not be enjoined\nfrom continuing such possession. The court may, upon good cause shown,\ndirect the superintendent to refrain from further proceedings and to\nsurrender such possession.\n