Statute · New York Not-for-Profit Corporation Law
N.Y. Not-for-Profit Corp. Law § 1208 — Penalty for concealing property from receiver
N.Y. Not-for-Profit Corp. Law § 1208
- Type
- Statute
- Source
- New York Not-for-Profit Corporation Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 1208. Penalty for concealing property from receiver.
Citator
N.Y. Not-for-Profit Corp. Law § 1208 — Penalty for concealing property from receiver is in force in the current edition of the Code, and nothing recorded condemns it.
§ 1208. Penalty for concealing property from receiver.
Any persons having possession of property belonging to the corporation, who shall wrongfully withhold such property from the receiver after the day specified in the notice given under section 1207 (Duties of receiver upon appointment), shall forfeit to the receiver double the value of such property, and the same may be recovered in an action by the receiver.