There Is a Newer Version of the New York Consolidated Laws
2012 New York Consolidated Laws
DCD - Debtor & Creditor
Article 7 - (160 - 218) TRUSTEES FOR INSOLVENT AND IMPRISONED DEBTORS
191 - Payment of debts before maturity.
NY Debt & Cred L § 191 (2012) What's This?
§ 191. Payment of debts before maturity. Every person to whom a
debtor, except one proceeding under the fifth article, shall be indebted
on a valuable consideration, for any sum of money not due at the time of
such distribution, but payable afterwards, shall receive his proportion
with other creditors, after deducting a rebate of legal interest upon
the sum distributed, for the time unexpired of such credit.
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