2006 New York Code - Order Of Confirmation; Contents And Subsequent Procedures.



 
    §  1613. Order of confirmation; contents and subsequent procedures. 1.
  When the agreement reported to the court pursuant to the  provisions  of
  section  1612  appears to the court to conform in all particulars to the
  final  order  authorizing  the  transaction,  an  order  shall  be  made
  approving  and  confirming  the  agreement  and directing the trustee or
  referee to execute and to deliver the mortgage, lease or  deed  of  such
  real  property which is required thereby. No order of confirmation shall
  be withheld on the ground that the market value of  such  real  property
  has  changed  between the execution of such agreement and the hearing of
  the application for confirmation thereof.
    2. The order of confirmation, in the discretion of  the  court,  shall
  direct  the  payment  to  each  participant  in  the  proceeding  of the
  reasonable disbursements made or incurred by him in the  course  of  the
  proceeding,  and  shall make such reasonable allowances, as to the court
  seem proper, to persons who have served in the  proceeding  as  referee,
  guardian  ad  litem, or counsel; and shall direct the mode of payment of
  all these allowances.
    3. The order of confirmation shall also  include  such  provisions  as
  justice  may  require  for the application, safeguarding, management and
  distribution of the fund to be derived  from  the  ordered  transaction.
  The  statutory  provisions applicable to the safeguarding, management or
  distribution of the fund produced by a sale in an action  for  partition
  shall  apply  to  the  proceeds  derived  from a sale authorized by this
  section, so far as this is practical.

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