N.Y. Business Corporation Law Section 1208
Penalty for concealing property from receiver


Any persons having possession of property belonging to the corporation, who shall wrongfully withhold such property from the receiver after the day specified in the notice given under section 1207 (Duties of receiver upon appointment), shall forfeit to the receiver double the value of such property, and the same may be recovered in an action by the receiver.

Source: Section 1208 — Penalty for concealing property from receiver, https://www.­nysenate.­gov/legislation/laws/BSC/1208 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 1208’s source at nysenate​.gov

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