N.Y. CVP Law § 8004
This is the official text of N.Y. CVP Law § 8004, part of New York’s CVP Law — part of the compiled statutory law of New York, published by the state as "CVP Law." Browse the sections below, each linked to its official government source.
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Commissions of receivers
Official statutory text
§ 8004. Commissions of receivers. (a) Generally. A receiver, except\nwhere otherwise prescribed by statute, is entitled to such commissions,\nnot exceeding five per cent upon the sums received and disbursed by him,\nas the court by which he is appointed allows, but if in any case the\ncommissions, so computed, do not amount to one hundred dollars, the\ncourt, may allow the receiver such a sum, not exceeding one hundred\ndollars, as shall be commensurate with the services he rendered.\n (b) Allowance where funds depleted. If, at the termination of a\nreceivership, there are no funds in the hands of the receiver, the\ncourt, upon application of the receiver, may fix the compensation of the\nreceiver and the fees of his attorney, in accordance with the respective\nservices rendered, and may direct the party who moved for the\nappointment of the receiver to pay such sums, in addition to the\nnecessary expenditures incurred by the receiver. This subdivision shall\nnot apply to a receiver or his attorney appointed pursuant to article\ntwenty-three-a of the general business law.\n
Status: in_force · Read it on the official government site
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