Home/New York/Statutes/Law NPC: Not-for-Profit Corporation/Art. 12: Receivership/§ 1205
New York Statutes

§ 1205 — Designation of depositories by court

New York § 1205
JurisdictionNew York
Law NPCNot-for-Profit Corporation
Art. 12Receivership

This text of New York § 1205 (Designation of depositories by court) 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. Not-for-Profit Corporation § 1205 (2026).

Text

§ 1205. Designation of depositories by court.\n All orders appointing a receiver of a corporation shall designate\ntherein one or more places of deposit, wherein all funds of the\ncorporation not needed for immediate disbursement shall be deposited and\nno other deposits and no investment of such funds shall be made, except\nupon the order of the court.\n

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Nearby Sections

15
§ 1201
Action by judgment creditor for sequestration
§ 1202
Appointment of receiver of property of a domestic or foreign corporation
§ 1203
Temporary and permanent receiver
§ 1204
Oath and security
§ 1205
Designation of depositories by court
§ 1206
Powers of permanent receiver
§ 1207
Duties of receiver upon appointment
§ 1208
Penalty for concealing property from receiver
§ 1209
Recovery of assets
§ 1210
Order of payment by receiver
§ 1211
Final distribution by receiver
§ 1212
Disposition of moneys retained; surplus; unclaimed distributions
§ 1213
Omission or default of receiver
§ 1214
Application by attorney-general for removal of receiver and to close receivership
§ 1215
Resignation by receiver; filling any vacancy
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Bluebook (online)
New York § 1205, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/NPC/1205.