New York Statutes

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

New York·Law BNK Banking·Art. 13 Merger; Voluntary Dissolution; Superintendent's Taking Possession; Reorganization; Liquidation
§ 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

Free access — add to your briefcase to read the full text and ask questions with AI

New York § 607 (Manner and time within which taking possession may be tested) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗