reglab/housing_qa huggingface dataset:
NY Bus Corp L § 1117 (2021)
2021 New York Laws BSC - Business Corporation Article 11 - Judicial Dissolution 1117 - Applicability of Other Provisions.

§ 1117. Applicability of other provisions.  (a) Subject  to  the  provisions  of  this  article, the provisions of sections 1005 (Procedure after dissolution), 1006 (Corporate action  and survival  of  remedies  after  dissolution),  1007 (Notice to creditors; filing or barring claims) and 1008 (Jurisdiction  of  supreme  court  to supervise  dissolution  and  liquidation)  shall  apply to a corporation dissolved under this article.  (b) Any orders provided for in section 1008, may be made at any  stage of  an  action  or  special  proceeding for dissolution of a corporation under this article, and if  the  corporation  is  dissolved  under  this article,  the  court  may  retain jurisdiction for the purpose of making such  orders,  after  the  dissolution,  in  such  action   or   special proceeding.    The  court  may also make such orders in separate special proceedings, as provided in section 1008.  (c) Notice to creditors and claimants, provided for in  section  1007, may  also  be given, by order of the court, at any stage of an action or special proceeding for dissolution of a corporation under this article.
NY Bus Corp L § 1118 (2021)
2021 New York Laws BSC - Business Corporation Article 11 - Judicial Dissolution 1118 - Purchase of Petitioner's Shares; Valuation.

§ 1118. Purchase of petitioner's shares; valuation.  (a)  In  any  proceeding  brought  pursuant  to section eleven hundred four-a of this chapter, any other shareholder  or  shareholders  or  the corporation may, at any time within ninety days after the filing of such petition or at such later time as the court in its discretion may allow, elect  to  purchase  the  shares  owned by the petitioners at their fair value and upon such terms and conditions  as  may  be  approved  by  the court,  including  the  conditions  of paragraph (c) herein. An election pursuant to this section shall be irrevocable unless the court,  in  its discretion,  for just and equitable considerations, determines that such election be revocable.  (b) If one or more shareholders or the corporation elect  to  purchase the  shares  owned  by  the  petitioner but are unable to agree with the petitioner upon the fair value of  such  shares,  the  court,  upon  the application   of   such  prospective  purchaser  or  purchasers  or  the petitioner, may stay the proceedings brought pursuant to section  1104-a of  this chapter and determine the fair value of the petitioner's shares as of the day prior to the  date  on  which  such  petition  was  filed, exclusive  of  any  element of value arising from such filing but giving effect to any adjustment or surcharge found to  be  appropriate  in  the proceeding under section 1104-a of this chapter. In determining the fair value  of  the  petitioner's  shares,  the court, in its discretion, may award interest from the date the  petition  is  filed  to  the  date  of payment  for the petitioner's share at an equitable rate upon judicially determined fair value of his shares.  (c) In connection with any  election  to  purchase  pursuant  to  this section:  (1)  If  such  election is made beyond ninety days after the filing of the petition, and the court allows such  petition,  the  court,  in  its discretion, may award the petitioner his reasonable expenses incurred in the  proceeding  prior to such election, including reasonable attorneys' fees;  (2) The court, in its discretion, may require, at any  time  prior  to the  actual  purchase  of  petitioner's shares, the posting of a bond or other acceptable security in an amount sufficient to  secure  petitioner for the fair value of his shares.
NY Bus Corp L § 1201 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1201 - Action by Judgment Creditor for Sequestration.

§ 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  does its general business, 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.
NY Bus Corp L § 1202 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1202 - Appointment of Receiver of Property of a Domestic or Foreign Corporation.

§ 1202. Appointment  of  receiver  of  property of a domestic or foreign           corporation.  (a) A receiver of the property of a corporation can be appointed  only by the court, and in one of the following cases:  (1)   An  action  or  special  proceeding  brought  under  article  10 (Non-judicial dissolution) or 11 (Judicial dissolution).  (2) An action under section 1201  (Action  by  judgment  creditor  for sequestration).  (3)  An  action brought by the attorney-general or by a shareholder to preserve the assets of a corporation, which has no officer  within  this state qualified to administer them.  (4)  An  action  to  preserve  the  assets in this state, of any kind, tangible  or  intangible,  of  a  foreign  corporation  which  has  been dissolved,   nationalized   or  its  authority  or  existence  otherwise terminated or cancelled in the  jurisdiction  of  its  incorporation  or which  has ceased to do business, brought by any creditor or shareholder of such corporation or by one on whose behalf  an  order  of  attachment against the property of such corporation has been issued.  (b)  A  receiver  shall  be subject to the control of the court at all times and may be removed by the court at any time.  (c) All actions  or  special  proceedings  brought  by  or  against  a receiver  shall  have a preference upon the calendars of all courts next in order to actions or special proceedings brought by the people of  the state of New York.
NY Bus Corp L § 1203 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1203 - Temporary and Permanent Receiver.

§ 1203. Temporary and permanent receiver.  (a)  At any stage before final judgment or final order in an action or special proceeding brought under this article, the court may appoint one or more receivers of the property of the corporation or of the  property in  this state of a foreign corporation against which an action has been brought under subparagraph (a)  (4)  of  section  1202  (Appointment  of receiver of property of a domestic or foreign corporation). Notice of an application  for  the  appointment  of  a receiver shall be given to the attorney-general and to such other persons and in  such  manner  as  the court  directs.  The  determination  by  the  court  of the necessity or advisability of appointing a receiver or an attorney for a receiver, and the allowance of expenses, commissions or compensation to  the  receiver or  his  attorney,  shall be subject to review on appeal. This provision shall not affect any other right to review on appeal.  (b) A receiver appointed by or under a final judgment or order  in  an action  or  special proceeding, or a temporary receiver who is continued by the final judgment or order, is a permanent receiver. The  court  may confer  upon  a  temporary  receiver  the powers, and subject him to the duties of a permanent receiver, or so much thereof as it deems proper.
NY Bus Corp L § 1204 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1204 - Oath and Security.

§ 1204. Oath and security.  (a) A receiver, before entering upon his duties, shall:  (1)  Take  and subscribe an oath that he will faithfully, honestly and impartially discharge the trust committed to him, and the oath shall  be filed  with  the  clerk  of  the  court  in  which the action or special proceeding is pending.  (2) File with the clerk of such court a bond to the  people,  with  at least  two  sufficient  sureties  or  a bond executed by any fidelity or surety company  authorized  by  the  laws  of  this  state  to  transact business,  in  a  penalty fixed by the court appointing him, conditioned for the faithful discharge of his duties as receiver. The court  may  at any time direct a receiver to give a new bond with new sureties and with like condition.
NY Bus Corp L § 1205 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1205 - Designation of Depositories by Court.

§ 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.
NY Bus Corp L § 1206 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1206 - Powers of Permanent Receiver.

§ 1206. Powers of permanent receiver.  (a) A permanent receiver, upon qualifying under section 1204 (Oath and security),  shall  be  vested  with  title  to  all  the property of the corporation wherever situated or of the property  in  this  state  of  a foreign  corporation  against  which an action or special proceeding has been brought under subparagraph (a) (4) of section 1202 (Appointment  of receiver  of  property  of  a  domestic or foreign corporation), for the benefit of the creditors and shareholders of the corporation.  (b) A permanent receiver shall have the power:  (1) To sue in his own name  or  otherwise  for  the  recovery  of  the property,  debts  and causes of action of the corporation. No set-off or counterclaim shall be allowed in any such action for any  demand  unless it was owing by the corporation to the defendant before the commencement of  the action or special proceeding in which the receiver was appointed or unless it shall have been incurred by the receiver subsequent to  his appointment.  (2)  To sell at public or private sale all the property vested in him, in such manner and on such terms  and  conditions  as  the  court  shall direct, and to make necessary transfers and conveyances thereof.  (3)  To  examine  on  oath,  to  be  administered  by  him, any person concerning any matter pertaining to or affecting the receivership.  (4) To settle or compound any demands by or against the receivership.  (c) When more than one receiver is appointed, all provisions  in  this article in reference to one receiver shall apply to them.  (d)  When  more than one receiver is appointed, the debts and property of the corporation may be collected and received by any  of  them;  when more  than  two receivers are appointed, the powers and rights conferred on them may be exercised by any two.  (e) When  more  than  one  receiver  is  appointed,  the  survivor  or survivors  of  such receivers shall have all the powers and right of the receivers.
NY Bus Corp L § 1208 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1208 - Penalty for Concealing Property From Receiver.

§ 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.
NY Bus Corp L § 1209 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1209 - Recovery of Assets.

§ 1209. Recovery of assets.  (a) Whenever  a receiver, by verified petition to the supreme court at a special term held in the judicial district in which he  was  appointed shall show that he has good reason to believe that any person has in his possession  or  under his control, or has wrongfully concealed, withheld or disposed of, any property of the corporation, or that any person  can testify  concerning such facts, the court, with or without notice, shall make an order requiring such person to appear  before  the  court  or  a referee,  at  a  time and place designated, and submit to an examination concerning such facts. In such order, or at any time thereafter, in  its discretion, the court may enjoin and restrain such person from disposing of  any  property  of  the  corporation  in  his possession or under his control.  (b) In any examination under such order, the court may confer immunity in accordance with the provisions  of  section  50.20  of  the  criminal procedure  law; provided that no immunity shall be conferred except upon twenty-four hours prior  written  notice  to  the  appropriate  district attorney having an official interest therein.  (c) A  person  so ordered to appear shall be entitled to the same fees and mileage, to be paid at the time of serving the order, as are allowed by law to witnesses subpoenaed to attend and testify in an action in the supreme court, and shall be subject to the same penalties  upon  failure to  appear and testify in obedience to such order as are provided by law in the case of witnesses who fail to  obey  a  subpoena  to  appear  and testify in an action.  (d) A  person  appearing  for  examination  in obedience to such order shall be sworn,  and  shall  be  entitled  to  be  represented  on  such examination  by  counsel,  and  may  be  cross-examined,  or  may make a voluntary statement in his own behalf  concerning  the  subject  of  his examination.  (e) The  testimony taken under such order shall be signed and sworn to by the person examined, and be filed in the office of the clerk  of  the county  where  the  action  or proceeding is pending. If it shall appear that any person is wrongfully concealing or withholding, or has  in  his possession  or  under  his  control, any property of the corporation, on notice to him, the court may make an order requiring  him  forthwith  to deliver it to the receiver, subject to the further order of the court.
NY Bus Corp L § 1210 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1210 - Order of Payment by Receiver.

§ 1210. Order of payment by receiver.  (a) Laborers'  wages shall be preferred claims and entitled to payment before any other creditors out of  the  assets  of  the  corporation  in excess of valid prior liens or encumbrances.  (b) The  receiver  shall  subject  to  any prior liens or encumbrances distribute the residue of the moneys in his hands, among  the  creditors whose claims have been proved and allowed, as follows:  (1) All  debts  due  by such corporation to the United States, and all debts entitled to a preference under the laws of the United States.  (2) All debts that may be owing by the corporation as trustee.  (3) Judgments against the corporation, to the extent of the  value  of the real property on which they are liens.  (4) All  other  creditors,  in proportion to their respective demands, without preference to specialty debts.
NY Bus Corp L § 1211 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1211 - Final Distribution by Receiver.

§ 1211. Final distribution by receiver.  (a) If  there  remains  property  of  the  corporation after the first distribution, the receiver shall, within one  year  thereafter,  make  a final  distribution  among  the  creditors entitled thereto. Notice that such distribution will be the final distribution to creditors  shall  be published  once  a  week  for  two  consecutive  weeks in a newspaper of general circulation in the county where the office of the corporation is located.  (b) A creditor or claimant who failed to prove his  claim  before  the first  distribution and who proves it before the final one shall receive the sum he would have been entitled to on the first distribution  before any further distribution shall be made to other creditors or claimants.  (c) Unless  the  court  shall  otherwise direct, no other distribution shall be made thereafter to creditors, except to  those  having  pending actions against the corporation or the receiver.  (d) After  the final distribution to creditors, the receiver shall not be answerable to any creditor or claimant, unless his claim  shall  have been  proved  before or at the time specified in the notice of the final distribution.
NY Bus Corp L § 1212 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1212 - Disposition of Moneys Retained; Surplus; Unclaimed Distributions.

§ 1212. Disposition    of    moneys    retained;    surplus;   unclaimed           distributions.  (a) When any action pending at the  time  of  the  final  distribution shall be terminated, the receiver shall apply the moneys retained by him to  the  payment  of the amount recovered, and his necessary charges and expenses incurred therein.  (b) After the final distribution to creditors and after deducting  his charges  and  expenses,  the receiver shall distribute any surplus among the shareholders of the corporation, in accordance with their respective rights.  (c)  Any  portion  of  the  assets  distributable  to  a  creditor  or shareholder  who  is  unknown  or  cannot  be  found,  or  who  is under disability and for whom there is no legal representative, shall be  paid by  the  receiver  to the state comptroller as abandoned property within six months from the date fixed for the payment of the final  liquidating distribution, and be subject to the provisions of the abandoned property law.
NY Bus Corp L § 1213 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1213 - Omission or Default of Receiver.

§ 1213. Omission or default of receiver.Upon  notice to the attorney-general and upon such notice to creditors   or others interested as the court shall direct, the court  may,  in  the   furtherance of justice, relieve a receiver from any omission or default,   on  such  conditions  as  may  be imposed, and, on compliance therewith,   confirm his action.
NY Bus Corp L § 1214 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1214 - Application by Attorney-General for Removal of Receiver and to Close Receivership.

§ 1214. Application  by  attorney-general for removal of receiver and to           close receivership.  (a) Whenever he deems it to be to the advantage of  the  shareholders, creditors  or  other persons interested in the assets of any corporation for which a receiver has been appointed, the attorney-general may move:  (1) For an order removing the receiver and appointing another  in  his stead;  (2) To compel the receiver to account;  (3) For such other and additional orders as may facilitate the closing of the receivership.
NY Bus Corp L § 1215 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1215 - Resignation by Receiver; Filling Any Vacancy.

§ 1215. Resignation by receiver; filling any vacancy.  (a)  A  receiver may petition the court appointing him for an order to show cause why he should not be permitted to resign.  (b) The petition shall be accompanied by a verified account of all the assets of the corporation received by him,  of  all  payments  or  other disposition  thereof  made  by  him,  of  the  remaining  assets  of the corporation in respect to  which  he  was  appointed  receiver  and  the situation  of  the  same,  and  of  all  his  transactions  as receiver. Thereupon, the court shall grant an order directing notice to  be  given to  the  sureties  on his official bond and to all persons interested in the property of the corporation to show  cause,  at  a  time  and  place specified,  why  the  receiver  should  not be permitted to resign. Such notice shall be published once in each week for six successive weeks  in one  or  more  newspapers  as the court shall direct. If it shall appear that the proceedings of the receiver in the discharge of his trust  have been  fair  and  honest and that there is no good cause to the contrary, the court shall make  an  order  permitting  such  receiver  to  resign. Thereupon he shall be discharged and his powers as receiver shall cease, but  he  shall  remain  subject  to  any liability incurred prior to the making of such order. The court, in  its  discretion,  may  require  the expense  of  such  proceeding  to be paid by the receiver presenting the petition.  (c) Any vacancy created by resignation, removal, death  or  otherwise, may  be  filled by the court, and the property of the receivership shall be delivered to the remaining receivers or, if there are  none,  to  the successor  appointed  by  the  court.  The  court  may summarily enforce delivery by order in the action  or  special  proceeding  in  which  the receiver was appointed.
NY Bus Corp L § 1216 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1216 - Final Accounting; Notice; Duty of Attorney-General.

§ 1216. Final accounting; notice; duty of attorney-general.  (a)  Within one year after qualifying, the receiver shall apply to the court for a final settlement of  his  accounts  and  for  an  order  for distribution,  or, upon notice to the attorney-general, for an extension of time, setting forth the reasons therefor. If the receiver has not  so applied  for a settlement of his accounts or for such extension of time, the attorney-general or any creditor or shareholder  may  apply  for  an order  that  the  receiver show cause why an accounting and distribution should not be had, and after the expiration of eighteen months from  the time   the   receiver   qualified,   it   shall   be  the  duty  of  the attorney-general to apply for such an order on notice to the receiver.  (b) Before presenting a final account, the receiver shall give  notice of  his  intention to file it by publication, under subparagraph (a) (1) of section 1207 (Duties of receiver upon appointment), setting forth the time and place of filing and presentation to  the  court.  The  receiver shall also give not less than eight days' written notice to the sureties on his official bond.  (c)  Upon  presentation  of  such  account,  the  court shall hear the allegations, objections and proofs of all parties interested  and  allow or  disallow  such account, in whole or in part, and make a final order. The court may refer the account and the hearing, in whole or in part, to a referee who shall report thereon to the court.
NY Bus Corp L § 1217 (2021)
2021 New York Laws BSC - Business Corporation Article 12 - Receivership 1217 - Commissions.

§ 1217. Commissions.  (a) A  receiver  shall  be  entitled,  in  addition  to  his necessary expenses, to such commissions upon the sums received  and  disbursed  as may be allowed by the court, as follows:  (1) On the first twenty thousand dollars, not exceeding five percent;  (2) On  the  next  eighty  thousand  dollars,  not  exceeding  two and one-half percent; and  (3) On the remainder, not exceeding one percent.  (b) If the commissions of the receiver so computed do  not  amount  to one  hundred dollars, the court in its discretion may allow such sum not exceeding one hundred dollars as shall be reasonable.  (c) When more than one receiver shall be appointed,  the  compensation herein provided shall be divided between them, as the court directs.