2012 New York Consolidated Laws
DCD - Debtor & Creditor
Article 2 - (2 - 24) GENERAL ASSIGNMENTS FOR THE BENEFIT OF CREDITORS
14 - Duties of assignee.

 
    §  14.  Duties  of  assignee.  It shall be the duty of the assignee to
  collect and reduce to money  the  property  of  the  estate,  under  the
  direction  of  the  court;  report  promptly  to  the  court  any claims
  presented to him which are not provable, or are incorrect or  false  and
  shall  also  report  promptly  for allowance all claims presented to him
  which are  not  disputed;  close  up  the  estate  as  expeditiously  as
  possible;  furnish  such  information  concerning  the  estate as may be
  requested by parties in interest; keep regular accounts;  pay  dividends
  as  often  as  is compatible with the best interests of the estate; make
  appraisals or in his  discretion  employ  an  appraiser  or  appraisers;
  designate  and  employ  auctioneers;  file  an interim report within six
  months of assuming his duites unless excused by the court or unless  the
  estate  has  been sooner distributed; file a final report and account at
  least fifteen days before the final hearing  to  consider  the  judicial
  settlement of the account.