N.Y. Not-for-Profit Corporation Law Section 1111
Preservation of assets

  • appointment of receiver
At any stage of an action or special proceeding under this article, the court may, in its discretion, make all such orders as it may deem proper in connection with preserving the property and carrying on the business of the corporation, including the appointment and removal of a receiver under article 12 (Receivership), who may be a director, officer or member of the corporation.

Source: Section 1111 — Preservation of assets; appointment of receiver, https://www.­nysenate.­gov/legislation/laws/NPC/1111 (updated Sep. 22, 2014; accessed Apr. 13, 2024).

Green check means up to date. Up to date

Accessed:
Apr. 13, 2024

Last modified:
Sep. 22, 2014

§ 1111’s source at nysenate​.gov

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