{"data":{"id":"us-ny/n.y.-not-for-profit-corporation-law-1112","jurisdiction":"us-ny","citation":"N.Y. Not-for-Profit Corporation Law § 1112","heading":"Certain sales, transfers, security interests and judgments void","body":"§ 1112. Certain sales, transfers, security interests and judgments void.\n  A sale, mortgage, conveyance or other transfer of, or the creation of\na security interest in any property of a corporation made, without prior\napproval of the court, after service upon the corporation of a summons\nin an action, or of an order to show cause in a special proceeding,\nunder this article in payment of or as security for an existing or prior\ndebt or for any other or for no consideration, or a judgment thereafter\nrendered against the corporation by confession or upon the acceptance of\nany offer, shall be void as against such persons and, to such extent, if\nany, as the court shall determine.","path":["Not-for-Profit Corporation Law","Article 11. Judicial Dissolution"],"source_url":"https://legislation.nysenate.gov/api/3/laws/NPC/1112","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"25f2fc09602a77c6bae1a0ebbb38f7859c1f289e5e13fe934249fc320f9a4f26","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-not-for-profit-corporation-law-1111","next":"us-ny/n.y.-not-for-profit-corporation-law-1113"},"notice":"GroundRules: Original legal text. Not legal advice."}