Statute · New York Not-for-Profit Corporation Law
N.Y. Not-for-Profit Corp. Law § 1201 — Action by judgment creditor for sequestration
N.Y. Not-for-Profit Corp. Law § 1201
- Type
- Statute
- Source
- New York Not-for-Profit Corporation Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 1201. Action by judgment creditor for sequestration.
Citator
N.Y. Not-for-Profit Corp. Law § 1201 — Action by judgment creditor for sequestration is in force in the current edition of the Code, and nothing recorded condemns it.
§ 1201. Action by judgment creditor for sequestration.
Where final judgment for a sum of money has been rendered against a corporation, and an execution issued thereupon to the sheriff of the county where the corporation conducts its activities, or where its office is located, has been returned wholly or partly unsatisfied, the judgment creditor may maintain an action to procure a judgment sequestrating the property of the corporation and providing for a distribution thereof.