New York § 1114 - 1114Certain sales, transfers, security interests and judgments void
Full text of New York New York Consolidated Laws § 1114 — 1114Certain sales, transfers, security interests and judgments void, with citation guidance and answers to common questions.
§ 1114. 1114Certain sales, transfers, security interests and judgments void
§ 1114. Certain sales, transfers, security interests and judgments void. A sale, mortgage, conveyance or other transfer of, or the creation of a security interest in, any property of a corporation made, without prior approval of the court, after service upon the corporation of a summons in an action, or of an order to show cause in a special proceeding, under this article in payment of or as security for an existing or prior debt or for any other or for no consideration, or a judgment thereafter rendered against the corporation by confession or upon the acceptance of any offer, shall be void as against such persons and to such extent, if any, as the court shall determine.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 1114
What does New York Consolidated Laws § 1114 cover?
Section 1114 ("1114Certain sales, transfers, security interests and judgments void") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 1114?
A common citation format is "New York Consolidated Laws § 1114" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 1114 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.