New York Debtor & Creditor Law Article 2-A - SECURED CREDITORS

• 30 - Definitions.
  As used in this article, unless the context or subject matter requires otherwise: (a) "Liquidation proceeding" includes all assignments for the benefit of creditors, whether...
• 31 - Secured Creditor's Claim to Disclose Security.
  In a liquidation proceeding every secured creditor's claim against the general assets shall disclose the nature of the security. When in an equity receivership it...
• 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...
• 33 - Value of Security Credited Upon Claims.
  Dividends paid to secured creditors shall be computed only upon the balance due after the value of all security not exempt from the claims of...
• 34 - Determination of Value by Secured Creditor.
  The value of assets constituting the security may be determined by one of the following methods by the secured creditor: (1) By collection. When the...
• 35 - Alternative Determinations of Value.
  Where valuation under the provisions of section thirty-four is impracticable or would cause undue delay, the court, upon petition by either the secured creditor or...
• 36 - Exempt Security Not Credited.
  When any creditor has legal or equitable security upon assets which are exempt from process for the satisfaction of unsecured debts and are duly claimed...
• 37 - Constitutionality.
  If any provision of this article or the application thereof to any person or circumstances is held invalid, the invalidity shall not affect other provisions...
• 38 - Uniformity of Interpretation.
  This article shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it.

Last modified: February 3, 2019