§ 1203 — Temporary and permanent receiver

§ 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 (4) of paragraph (a) of section 1202 of this\narticle. Notice of an application shall be given to the\nattorney-general, to each governmental body or officer whose consent is\nrequired for the dissolution of such corporation, and to such other\npersons and in such manner as the court directs. The determination by\nthe court of the necessity or advisability of appointing a receiver or\nan attorney for a receiver, and the allowance of expenses, commissions\nor compensation to the receiver or such attorney, shall be subject to\nreview on appeal. This provision shall not affect any other right to\nreview 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 the temporary\nreceiver to the duties of a permanent receiver, or so much thereof as it\ndeems proper.\n