New York Business Corporation Law Section 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.


Last modified: February 3, 2019