NY Not for Profit Corp L § 1207 (2021)
2021 New York Laws NPC - Not-For-Profit Corporation Article 12 - Receivership 1207 - Duties of Receiver Upon Appointment.

§ 1207. Duties of receiver upon appointment.  (a)  Upon  appointment  and  qualification,  a receiver shall have the following duties:  (1) To give immediate notice of his or her appointment by  publication once  a  week  for  two  successive  weeks  in two newspapers of general circulation in the county where the office of the corporation is located or, in the case of a foreign corporation against  which  an  action  has been  brought  under  subparagraph  (4) of paragraph (a) of section 1202 (Appointment  of  receiver  of  property  of  a  domestic   or   foreign corporation),  in  a newspaper of general circulation as directed by the court, requiring:  (A) All persons indebted to the corporation to render  an  account  of all  debts  owing  by them to the corporation and to pay the same to the receiver at a specified place and by a specified day.  (B) All persons  having  in  their  possession  any  property  of  the corporation  to  deliver the same to the receiver at the specified place and by the specified day.  (C) All creditors and claimants, including any  with  unliquidated  or contingent  claims  and  any  with  whom the corporation has unfulfilled contracts, to present their claims to the receiver  in  writing  and  in detail  at  a specified place and by a specified day, which shall not be less than six  months  after  the  first  publication  of  such  notice. Whenever  a  receiver  is  appointed  in  dissolution  proceedings under article  10  (Non-judicial  dissolution)   or   article   11   (Judicial dissolution),   section   1007  (Notice  to  creditors  by  corporations intending to dissolve; filing or barring claims) of this  chapter  shall apply  and shall control the giving of notice to creditors and claimants and the filing and barring of claims.  (2) To call a general meeting of  the  creditors  of  the  corporation within  four  months  from the date of his appointment by a notice to be published as directed in subparagraph (a) (1), setting  forth  the  time and place of such meeting, which time shall be not more than two months, nor  less  than one month after the first publication of such notice. At such meeting, or at an adjournment thereof, the receiver shall present a statement of all accounts and demands for and against  the  corporation, its subsisting contracts, and the money and other assets in his hands.  (3)  To keep true books of account of all moneys received and expended by him as  receiver,  which  books  shall  be  open  for  inspection  at reasonable times by creditors or other persons interested therein. On or before  the  first  day  of  February  in  each  year, for the preceding calendar year, and at such other times as the court  shall  direct,  the receiver  shall  file  with  the  clerk  of  the  court  by which he was appointed  a  verified  statement  showing  the  assets  received,   the disposition  thereof,  the  money on hand, all payments made, specifying the persons to whom paid and the purpose of  the  payments,  the  amount necessary  to  be retained to meet necessary expenses and claims against the receiver, and the distributive share in the remainder of each person interested therein. A copy of such statement  shall  be  served  by  the receiver  upon  the  attorney-general  within five days after the filing thereof.