View Our Newest Version Here

2012 New York Consolidated Laws
DCD - Debtor & Creditor
Article 2 - (2 - 24) GENERAL ASSIGNMENTS FOR THE BENEFIT OF CREDITORS
11 - Proceedings in case of death of assignee.


NY Debt & Cred L § 11 (2012) What's This?
 
    §  11.  Proceedings  in case of death of assignee. In case an assignee
  shall die during the pendency of any proceeding under this  article,  or
  at  any  time  subsequent to the filing of any bond required herein, his
  personal representative or successor in office, or both, may be  brought
  in  and  substituted in such proceeding on such notice, of not less than
  eight days, as the judge may direct to be given;  and  any  decree  made
  thereafter  shall  bind  the  parties  thus  substituted  as well as the
  property of such deceased assignee,  provided,  however,  that  if  such
  assignee  dies  subsequent  to  the  filing  of  his bond and before any
  proceedings may have been had thereunder, then the surety on  such  bond
  may  apply  to the judge for an accounting, who may, on such terms as to
  him seem just and proper, appoint  another  assignee  and  release  such
  surety.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.