Statute · New York Business Corporation Law
N.Y. Bus. Corp. Law § 1113 — Preservation of assets; appointment of receiver
N.Y. Bus. Corp. Law § 1113
- Type
- Statute
- Source
- New York Business Corporation Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 1113. Preservation of assets; appointment of receiver.
Citator
N.Y. Bus. Corp. Law § 1113 — Preservation of assets; appointment of receiver is in force in the current edition of the Code, and nothing recorded condemns it.
§ 1113. 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 shareholder of the corporation.