There Is a Newer Version of the New York Consolidated Laws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
196 - Subsequent dividends.
NY Debt & Cred L § 196 (2012) What's This?
§ 196. Subsequent dividends. If the whole of such debtor's estate be
not distributed on the first dividend, the trustees shall, within one
year thereafter, make a second dividend of all the moneys belonging to
the estate of the debtor, then in their hands, among the creditors
entitled thereto as hereinbefore specified; and in the same manner from
year to year, so long as any moneys belonging to the estate of such
debtor shall remain in the hands of the trustees, they shall make a
dividend thereof among the creditors entitled thereto.
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