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The Laws of New York
Consolidated Laws of New York
CHAPTER 35
Not-for-Profit Corporation
ARTICLE 12
Receivership
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Oath and security
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ARTICLE 12
Receivership
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SECTION 1206
Powers of permanent receiver
This entry was published on 2014-09-22
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SECTION 1205
Designation of depositories by court
Not-for-Profit Corporation (NPC) CHAPTER 35, ARTICLE 12
§ 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.