Statute · New York Not-for-Profit Corporation Law
N.Y. Not-for-Profit Corp. Law § 1205 — Designation of depositories by court
N.Y. Not-for-Profit Corp. Law § 1205
- Type
- Statute
- Source
- New York Not-for-Profit Corporation Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 1205. Designation of depositories by court.
Citator
N.Y. Not-for-Profit Corp. Law § 1205 — Designation of depositories by court is in force in the current edition of the Code, and nothing recorded condemns it.
§ 1205. Designation of depositories by court.
All orders appointing a receiver of a corporation shall designate therein one or more places of deposit, wherein all funds of the corporation not needed for immediate disbursement shall be deposited and no other deposits and no investment of such funds shall be made, except upon the order of the court.