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

 
    §  6.  Bond  of  assignee.  The  assignee named in any such assignment
  shall, within thirty days after the date thereof, and  before  he  shall
  have  any  power  or  authority  to  sell,  dispose of or convert to the
  purposes of the trust any of the assigned property, enter into a bond to
  the people of the state of New York, in an  amount  to  be  ordered  and
  directed  by  the  judge,  with sufficient sureties to be approved of by
  such judge, and conditioned for the faithful discharge of the duties  of
  such  assignee,  and  for  the due accounting for all moneys received by
  him, which bond shall be filed in the clerk's office of the county where
  such assignment is recorded, but  in  case  the  debtor  shall  fail  to
  present  such  inventory  within  the  twenty  days  required,  then the
  assignee, before ten days thereafter shall have elapsed,  may  apply  to
  said  judge  by  verified petition for leave to file a provisional bond,
  until such time as he may be able to present the schedule  or  inventory
  as hereinbefore provided.