New York Debtor & Creditor Law Section 32 - Effect of concealment.

  32.  Effect of concealment. Any secured creditor who with intent to
  evade the provisions of this article fails to disclose the existence  of
  the security shall not be entitled to receive or retain dividends out of
  the  general  assets, unless he thereafter releases or surrenders to the
  liquidator the security which he has failed to disclose,  or  unless  he
  procures  such release or surrender if the security is in the possession
  of an indorser, surety, or  other  person  secondarily  liable  for  the
  insolvent debtor.

Last modified: February 3, 2019