N.Y. Not-for-Profit Corporation Law § 1203: Temporary and permanent receiver

§ 1203. Temporary and permanent receiver.

(a) At any stage before final judgment or final order in an action or

special proceeding brought under this article, the court may appoint one

or more receivers of the property of the corporation or of the property

in this state of a foreign corporation against which an action has been

brought under subparagraph (4) of paragraph (a) of section 1202 of this

article. Notice of an application shall be given to the

attorney-general, to each governmental body or officer whose consent is

required for the dissolution of such corporation, and to such other

persons and in such manner as the court directs. The determination by

the court of the necessity or advisability of appointing a receiver or

an attorney for a receiver, and the allowance of expenses, commissions

or compensation to the receiver or such attorney, shall be subject to

review on appeal. This provision shall not affect any other right to

review on appeal.

(b) A receiver appointed by or under a final judgment or order in an

action or special proceeding, or a temporary receiver who is continued

by the final judgment or order, is a permanent receiver. The court may

confer upon a temporary receiver the powers, and subject the temporary

receiver to the duties of a permanent receiver, or so much thereof as it

deems proper.