Young v. Yerks

The city treasurer, as receiver, is entitled to seek recovery of the unpaid rents which became due prior to his appointment as such receiver (Palmieri v. New York Preparatory School, 232 App. Div. 848). Indeed, in these companion proceedings, the governing statute mandates such action on his part. ‘ ‘ The receiver shall collect the accrued and accruing rents, issues and profits of the property with respect to which he is acting as receiver and shall apply such rents, issues and profits in satisfaction of all tax liens, including penalties and interest thereon and the costs and charges of his…