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of
the New York Consolidated Laws
2012 New York Consolidated Laws
DCD - Debtor & Creditor
Article 2 - (2 - 24) GENERAL ASSIGNMENTS FOR THE BENEFIT OF CREDITORS
20 - General powers of court.
Universal Citation:
NY Debt & Cred L ยง 20 (2012)
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on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
§ 20. General powers of court. Any proceeding under this article shall
be deemed for all purposes, including review by appeal or otherwise, to
be a proceeding had in the court as a court of general jurisdiction, and
the court shall have full jurisdiction to do all and every act relating
to the assigned estate, the assignees, assignors and creditors, and
jurisdiction shall be presumed in support of the orders and decrees
therein unless the contrary be shown; and after the filing or recording
of an assignment under this article, the court may exercise the powers
of a court of equity in reference to the trust and any matters involved
therein.
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