N.Y. Insurance Law 5212 – Order for payment of judgment
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§ 5212. Order for payment of judgment. The court shall order the corporation to pay the sum, if any, it finds payable on the claim pursuant to the provisions and limitations of this article if it is satisfied of the truth of all matters required to be shown by the petitioner by section five thousand two hundred eleven of this article, and that the petitioner has fully pursued and exhausted all remedies available for recovering upon the judgments against all persons mentioned in paragraph seven of subsection (a) of section five thousand two hundred eleven of this article.
Terms Used In N.Y. Insurance Law 5212
- 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.