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New York · Through 2026-09-11

N.Y. Banking Law § 607: Manner and time within which taking possession may be tested

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Where this section sits in the code
  1. Banking Law
  2. Article 13. Merger; Voluntary Dissolution; Superintendent's Taking Possession; Reorganization; Liquidation

§ 607. Manner and time within which taking possession may be tested.

At any time within ten days after the superintendent has taken

possession of the property and business of any banking organization such

banking organization may apply to the supreme court in the judicial

district in which its principal office is located, for an order

requiring the superintendent to show cause why he should not be enjoined

from continuing such possession. The court may, upon good cause shown,

direct the superintendent to refrain from further proceedings and to

surrender such possession.

Collected 2026-09-14T19:32:44Z. Source file · JSON

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