N.Y. NPC Law § 1112
This is the official text of N.Y. NPC Law § 1112, part of New York’s NPC Law — part of the compiled statutory law of New York, published by the state as "NPC 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.
Certain sales, transfers, security interests and judgments void
Official statutory text
§ 1112. Certain sales, transfers, security interests and judgments void.\n A sale, mortgage, conveyance or other transfer of, or the creation of\na security interest in any property of a corporation made, without prior\napproval of the court, after service upon the corporation of a summons\nin an action, or of an order to show cause in a special proceeding,\nunder this article in payment of or as security for an existing or prior\ndebt or for any other or for no consideration, or a judgment thereafter\nrendered against the corporation by confession or upon the acceptance of\nany offer, shall be void as against such persons and, to such extent, if\nany, as the court shall determine.\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.