New York § 1203 Temporary and permanent receiver

New York Statutes

§ 1203 — Temporary and permanent receiver

New York § 1203

Law BSCBusiness Corporation

Art. 12Receivership

This text of New York § 1203 (Temporary and permanent receiver) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Business Corporation § 1203 (2026).

Text

§ 1203. Temporary and permanent receiver.\n  (a) At any stage before final judgment or final order in an action or\nspecial proceeding brought under this article, the court may appoint one\nor more receivers of the property of the corporation or of the property\nin this state of a foreign corporation against which an action has been\nbrought under subparagraph (a) (4) of section 1202 (Appointment of\nreceiver of property of a domestic or foreign corporation). Notice of an\napplication for the appointment of a receiver shall be given to the\nattorney-general and to such other persons and in such manner as the\ncourt directs. The determination by the court of the necessity or\nadvisability of appointing a receiver or an attorney for a receiver, and\nthe allowance of expenses, commissions or 

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§ 1203. Temporary and permanent receiver.\n (a) At any stage before final judgment or final order in an action or\nspecial proceeding brought under this article, the court may appoint one\nor more receivers of the property of the corporation or of the property\nin this state of a foreign corporation against which an action has been\nbrought under subparagraph (a) (4) of section 1202 (Appointment of\nreceiver of property of a domestic or foreign corporation). Notice of an\napplication for the appointment of a receiver shall be given to the\nattorney-general and to such other persons and in such manner as the\ncourt directs. The determination by the court of the necessity or\nadvisability of appointing a receiver or an attorney for a receiver, and\nthe allowance of expenses, commissions or compensation to the receiver\nor his attorney, shall be subject to review on appeal. This provision\nshall not affect any other right to review on appeal.\n (b) A receiver appointed by or under a final judgment or order in an\naction or special proceeding, or a temporary receiver who is continued\nby the final judgment or order, is a permanent receiver. The court may\nconfer upon a temporary receiver the powers, and subject him to the\nduties of a permanent receiver, or so much thereof as it deems proper.\n