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State Law
Federal Law
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New York Debtor and Creditor Law Section 54 - Consent Of Executor, Administrator, Receiver, Or Trustee.Legal Research Home > New York Lawyer > Debtor and Creditor > New York Debtor and Creditor Law Section 54 - Consent Of Executor, Administrator, Receiver, Or Trustee. § 54. Consent of executor, administrator, receiver, or trustee. An executor or administrator may become a consenting creditor, under the order of the surrogate's court from which his letters issued. A trustee, official assignee, or receiver of the property of a creditor of the petitioner, whether created by operation of law or by the act of parties, may become a consenting creditor, under the order of a justice of the supreme court. A person who becomes a consenting creditor, as prescribed in this section, is chargeable only for the sum which he actually receives, as a dividend of the insolvent's property. New York Lawyers
Last modified: July 31, 2006 |