New York § 359 Receivership

New York Statutes

§ 359 — Receivership

New York § 359

Law MDWMultiple Dwelling

Art. 10Prostitution

This text of New York § 359 (Receivership) 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. Multiple Dwelling § 359 (2026).

Text

  § 359. Receivership. Whenever the lien or liens established by\njudgment pursuant to this article shall amount to one thousand dollars\nor more, and there be no stay pending appeal, the department shall\nappoint a receiver of the rents and profits of such premises. Such\nreceiver shall give security for the performance of his duties in the\nmanner and form fixed by the department. He shall have the powers and\nduties of a receiver of rents and profits of real estate appointed by\nthe supreme court; provided, that the corporation counsel shall act as\nhis counsel and the receiver shall not be allowed any expenditure for\ncounsel fees, and his commissions shall be ten per centum of his\ncollections, which sum shall be full compensation for his services and\nthose of any agent or agents who

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§ 359. Receivership. Whenever the lien or liens established by\njudgment pursuant to this article shall amount to one thousand dollars\nor more, and there be no stay pending appeal, the department shall\nappoint a receiver of the rents and profits of such premises. Such\nreceiver shall give security for the performance of his duties in the\nmanner and form fixed by the department. He shall have the powers and\nduties of a receiver of rents and profits of real estate appointed by\nthe supreme court; provided, that the corporation counsel shall act as\nhis counsel and the receiver shall not be allowed any expenditure for\ncounsel fees, and his commissions shall be ten per centum of his\ncollections, which sum shall be full compensation for his services and\nthose of any agent or agents whom he may employ. Such receivership shall\ncontinue until the amount of such liens with interest thereon at the\nrate of six per centum, and of the commissions, have been fully paid;\nprovided, that nothing in this section shall be construed to prevent any\nprior lienor from applying to the court in a proper case for a receiver\nof the premises.\n