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Home » US Law » 2022 New York Laws » Consolidated Laws » NPC - Not-For-Profit Corporation » Article 12 - Receivership » 1205 – Designation of Depositories by Court.
§ 1205. Designation of depositories by court.

All orders appointing a receiver of a corporation shall designate therein one or more places of deposit, wherein all funds of the corporation not needed for immediate disbursement shall be deposited and no other deposits and no investment of such funds shall be made, except upon the order of the court.