N.Y. Banking Law § 607: Manner and time within which taking possession may be tested
Where this section sits in the code
- Banking Law
- 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