N.Y. General Business Law Section 353-A
Receivers

In any action brought by the attorney-general as provided in this article, the court at any stage of the proceedings may appoint a receiver of any and all property derived by the defendant or defendants or any of them by means of any such fraudulent practices, including also all property with which such property has been mingled if such property can not be identified in kind because of such commingling, together with any or all books of account and papers relating to the same. The judgment entered in such action may provide that such receiver shall take title to any or all such property and books of account and papers relating to the same and liquidate such property or any part thereof for the benefit of all persons intervening in the said action and establishing an interest in such property. The judgment may also provide that all such property, the title to or interest in which has not been established in such action by intervenors or otherwise by due process to be in a person or persons other than defendant or defendants, shall be returned to the defendant or defendants as their interest may appear. Such receiver shall be subject to all the duties of receivers appointed in a civil action as far as practicable except that such provisions relating to commissions or compensation of receivers shall not be applicable to receivers appointed pursuant to this section, but such commissions or compensation shall be fixed by the court in any amount which it may determine to be just and equitable. In any action brought by the attorney-general as provided in this article the court may grant such other and further relief as may be proper.

Source: Section 353-A — Receivers, https://www.­nysenate.­gov/legislation/laws/GBS/353-A (updated Sep. 22, 2014; accessed Apr. 2, 2025).

352
Investigation by attorney-general 352–A
Foreign corporation to make designation 352–B
Non-resident brokers, dealers, salesmen and investment advisors 352–C
Prohibited acts constituting misdemeanor 352–D
Effect of prosecution under previous section 352–E
Real estate syndication offerings 352–EE
Conversion of non-residential property to residential cooperative or condominium ownership 352–EEE
Conversions to cooperative or condominium ownership in certain cities, towns and villages located in the counties of Nassau, Westchester ... 352–EEEE
Conversions to cooperative or condominium ownership in the city of New York 352–F
Description of realty bonds 352–G
Exemptions 352–H
Trust funds 352–I
Injunctive relief 352–J
Application of article 352–K
Broker dealer minimum capital requirements 352–L
Cooperative corporations 353
Action by attorney-general 353–A
Receivers 354
Examination of witnesses and preliminary injunction 355
Procedure on hearing 356
Powers of referee 357
Application of provisions of civil practice law and rules 358
Criminal prosecution 359
Immunity 359–A
Appointment of deputies 359–B
Effect of unconstitutionality of part of article 359–C
Publication of state notices 359–E
Definitions 359–EE
Report of existence 359–EEE
Definitions 359–F
Exemptions from certain provisions of section three hundred fifty-nine-e 359–FF
Registration of intra-state offerings 359–FFF
Chain distributor schemes prohibited 359–G
Violations and penalties 359–H
Destruction of certain records, books and other data by the attorney-general
Green check means up to date. Up to date

Accessed:
Apr. 2, 2025

Last modified:
Sep. 22, 2014

§ 353-A’s source at nysenate​.gov

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