New York § 1212 - 1212Disposition of moneys retained; surplus; unclaimed distributions
Full text of New York New York Consolidated Laws § 1212 — 1212Disposition of moneys retained; surplus; unclaimed distributions, with citation guidance and answers to common questions.
§ 1212. 1212Disposition of moneys retained; surplus; unclaimed distributions
§ 1212. Disposition of moneys retained; surplus; unclaimed distributions. (a) When any action pending at the time of final distribution shall be terminated, the receiver shall apply the moneys retained by the receiver to the payment of the amount recovered, and the receiver's necessary charges and expenses incurred therein. (b) After the final distribution to creditors and after deducting the receiver's charges and expenses, the receiver shall distribute any surplus in the manner prescribed in section 1002-a of this chapter or, if dissolution of the corporation is not involved, in such manner as the court shall order.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 1212
What does New York Consolidated Laws § 1212 cover?
Section 1212 ("1212Disposition of moneys retained; surplus; unclaimed distributions") 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 § 1212?
A common citation format is "New York Consolidated Laws § 1212" (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 § 1212 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.