N.Y. Business Corporation Law § 1204: Oath and security

§ 1204. Oath and security.

(a) A receiver, before entering upon his duties, shall:

(1) Take and subscribe an oath that he will faithfully, honestly and

impartially discharge the trust committed to him, and the oath shall be

filed with the clerk of the court in which the action or special

proceeding is pending.

(2) File with the clerk of such court a bond to the people, with at

least two sufficient sureties or a bond executed by any fidelity or

surety company authorized by the laws of this state to transact

business, in a penalty fixed by the court appointing him, conditioned

for the faithful discharge of his duties as receiver. The court may at

any time direct a receiver to give a new bond with new sureties and with

like condition.