A temporary receiver shall keep written accounts itemizing receipts and expenditures, and describing the property and naming the depository of receivership funds, which shall be open to inspection by any person having an apparent interest in the property, the court may require the keeping of particular records or direct or limit inspection or require presentation of a temporary receiver’s accounts. Notice of a motion for the presentation of a temporary receiver’s accounts shall be served upon the sureties on his or her undertaking as well as upon each party.
§ 1341.Accounts
Article 13-A. Proceeds of Crime—forfeiture · Last amended 1984 · Last verified July 21, 2026
In one sentenceRequires a temporary receiver to keep itemized written accounts of receipts, expenditures, property, and the depository of receivership funds, open to inspection by anyone with an apparent interest, subject to the court's power to direct particular records or require the receiver to present accounts.
Full Text of CPLR 1341
Plain-English Summary
Section 1341 makes a receiver's bookkeeping part of the public record of the case. The receiver must keep written accounts that itemize what came in and what went out, describe the property under the receiver's control, and name where receivership funds are held. Those records are not private -- anyone with an apparent interest in the property can inspect them.
The court has room to tighten or loosen that framework. It can require particular records the general statute does not otherwise demand, direct or limit who can inspect the accounts, or order the receiver to present the accounts formally for review. When a motion asks the court to require that presentation, notice has to go not only to the parties but to the sureties on the receiver's undertaking -- the people financially on the hook if the accounts come up short.
Frequently Asked Questions
What must a temporary receiver's accounts include?
An itemized record of receipts and expenditures, a description of the property, and the name of the depository holding receivership funds.
Who can inspect a receiver's accounts?
Any person with an apparent interest in the property, subject to whatever limits the court chooses to place on inspection.
Can the court require a receiver to keep additional records?
Yes, the court may require the keeping of particular records beyond the general itemized accounts section 1341 already demands.
Who must receive notice of a motion to present the receiver's accounts?
Each party to the action and the sureties on the receiver's undertaking.
Why does notice go to the receiver's sureties specifically?
Because the sureties backed the undertaking required under section 1340 and stand to answer for any shortfall the accounts reveal.
Amendment History
Add, L 1984, ch 669, § 1, eff Aug 1, 1984 and applicable to crimes committed on and after Aug 1, 1984.
Source & verification. Provision text, History, and Advisory
Committee Notes are reproduced verbatim from the Consolidated Laws of New York.
Last verified July 21, 2026.
· Official source
Also known as: CPLR 1341 receiver accountstemporary receiver accounting New Yorkinspect receivership accounts CPLRreceiver undertaking sureties notice