§ 288 — Judgment

New York § 288

• Jurisdiction: New York
• Law PEP: Personal Property
• Art. 8-B: Proceeding For Discovery of Names and Addresses of Bondholders

Text

§ 288. Judgment. If the court shall be satisfied that the allegations\nof the petition are true, and that the interests of the bondholders of\nthe issue as a whole will not be adversely affected by the granting of\nthe application, it shall enter judgment directing the trustee, every\nobligor, any receiver appointed by a court, depositary or committee\npurporting to act for or on behalf of bondholders, or such of them as\nmay have been duly served, to furnish to the applicant a list of the\nnames and addresses of all bondholders of the issue so far as they\nrespectively have knowledge or information with respect to the same.\nSuch judgment may contain such terms and conditions as the court may\ndeem proper with respect to the time when and place where such lists are\nto be furnished, and the payment of the expense of furnishing same.\nNotwithstanding the foregoing provisions of this section, however, if a\ndefault was the basis of the application and such default has been cured\nbefore the entry of judgment, or if the institution of proceedings was\nthe basis of the application and such proceedings have finally\nterminated before the entry of judgment, the proceeding may, in the\ndiscretion of the court, be dismissed.\n