N.Y. General Associations Law 9 – Receiver of joint-stock association
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§ 9. Receiver of joint-stock association. § 10 of the general corporation law apply to an action or a special proceeding, against a joint-stock association created by or under the laws of the state, or a trustee, director, or other officer thereof; or against a joint-stock association created by or under the laws of another state, government, or country, or a trustee, director, or other officer thereof, where the association does business within the state, or has, within the state, a business agency or a fiscal agency, or an agency for the transfer of its stock.
Terms Used In N.Y. General Associations Law 9
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Trustee: A person or institution holding and administering property in trust.