Section 1212. Disposition of moneys retained; surplus; unclaimed distributions  


Latest version.
  • (a) When any action pending at the time of final distribution shall be
      terminated, the receiver shall apply the moneys retained by him  to  the
      payment  of the amount recovered, and his necessary charges and expenses
      incurred therein.
        (b) After the final distribution to creditors and after deducting  his
      or  her  charges and expenses, the receiver shall distribute any surplus
      in the manner prescribed in section 1002-a (Carrying  out  the  plan  of
      dissolution  and  distribution  of  assets)  or,  if  dissolution of the
      corporation is not involved, in such manner as the court shall order.