N.Y. CCO Law § 18
This is the official text of N.Y. CCO Law § 18, part of New York’s CCO Law — part of the compiled statutory law of New York, published by the state as "CCO Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Jurisdiction of the supreme court
Official statutory text
§ 18. Jurisdiction of the supreme court. In the case of a corporation\ndissolving as provided in this chapter, the supreme court, upon the\npetition of the committee or a majority of them, or in a proper case,\nupon the petition of a creditor or member, or upon the petition of the\nattorney-general, upon notice to all of the committee and to such other\ninterested persons as the court may specify from time to time may order\nand adjudge in respect to the following matters:\n 1. The giving of notice by publication or otherwise of the time and\nplace for the presentation of all claims and demands against the\ncorporation, which notice may require all creditors of and claimants\nagainst the corporation to present in writing and in detail at the place\nspecified their respective accounts and demands to the committee by a\nday therein specified, which shall not be less than forty days from the\nservice or first publication of such notice.\n 2. The payment or satisfaction in whole or in part of claims and\ndemands against the corporation, or the retention of moneys for such\npurpose.\n 3. The presentation and filing of intermediate and final accounts of\nthe committee, the hearing thereon, the allowance and disallowance\nthereof, and the discharge of the committee or any of them, from their\nduties and liabilities.\n 4. The administration of any trust or the disposition of any property\nheld in trust by or for the corporation.\n 5. The sale and dispostion of any remaining property of the\ncorporation and the distribution of such property or its proceeds among\nthe members or persons entitled thereto.\n 6. Such matters as justice may require.\n All orders and judgments shall be binding upon the corporation, its\nproperty and assets, its committee, members, creditors and all claimants\nagainst it.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.