2012 New York Consolidated Laws
DCD - Debtor & Creditor
Article 9 - (250 - 255) PAYMENT OF DEBTS OF INCOMPETENT PERSON OR CONSERVATEE
252 - Payment by committee or conservator of claims.

 
    §  252.  Payment by committee or conservator of claims. A committee of
  the property of a person,  incompetent  by  reason  of  mental  illness,
  mental  retardation  or  alcohol  abuse,  to  manage  his  affairs, or a
  conservator of the property of a conservatee, may,  under  direction  of
  the  court  exercising jurisdiction of such estate, after payment of the
  expenses, disbursements and commissions of such trust, apply so much  of
  the  funds  and  property  of said estate remaining in his hands as such
  committee or conservator, as may be necessary to pay and  discharge  the
  proper  claims  of  creditors  who have presented claims pursuant to the
  notice in this article provided for, to the payment of such claims,  and
  if the property so remaining be insufficient to pay such claims in full,
  then  the  committee or conservator may distribute the same according to
  law among the creditors who have presented and proved their claims as in
  this article provided, and such payment, when so made in good faith  and
  under   direction  of  such  court,  shall  relieve  such  committee  or
  conservator and his sureties from liability to creditors who have failed
  to present their claims as in this article provided.