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New York · Through 2026-09-11

N.Y. Banking Law § 638: Manner and time within which taking possession may be tested

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  1. Banking Law
  2. Article 13-A. Licensees: Superintendent's Taking Possession: Conservation: Liquidation

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

At any time within ten days after the superintendent has taken

possession of the business and property of any licensee, such licensee

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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