N.Y. NPC Law § 1212
This is the official text of N.Y. NPC Law § 1212, 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.
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Disposition of moneys retained; surplus; unclaimed distributions
Official statutory text
§ 1212. Disposition of moneys retained; surplus; unclaimed\n distributions.\n (a) When any action pending at the time of final distribution shall be\nterminated, the receiver shall apply the moneys retained by the receiver\nto the payment of the amount recovered, and the receiver's necessary\ncharges and expenses incurred therein.\n (b) After the final distribution to creditors and after deducting the\nreceiver's charges and expenses, the receiver shall distribute any\nsurplus in the manner prescribed in section 1002-a of this chapter or,\nif dissolution of the corporation is not involved, in such manner as the\ncourt shall order.\n
Status: in_force · Read it on the official government site
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