N.Y. Business Corporation Law § 1115: Injunction

§ 1115. Injunction.

(a) At any stage of an action or special proceeding under this

article, the court may, in its discretion, grant an injunction,

effective during the pendency of the action or special proceeding or

such shorter period as it may specify in the injunction, for one or more

of the following purposes:

(1) Restraining the corporation and its directors and officers from

transacting any unauthorized business and from exercising any corporate

powers, except by permission of the court.

(2) Restraining the corporation and its directors and officers from

collecting or receiving any debt or other property of the corporation,

and from paying out or otherwise transferring or delivering any property

of the corporation, except by permission of the court.

(3) Restraining the creditors of the corporation from beginning any

action against the corporation, or from taking any proceedings in an

action theretofore commenced, except by permission of the court. Such

injunction shall have the same effect and be subject to the same

provisions of law as if each creditor upon whom it is served was named

therein.