There is a newer version
of
the New York Laws
2017 New York Laws
DCD - Debtor & Creditor
Article 2 - General Assignments for the Benefit of Creditors
23 - Limitation of Preferences.
Universal Citation: NY Debt & Cred L § 23 (2017)
23. Limitation of preferences. In all general assignments of the estates of debtors for the benefit of creditors no preference created therein, other than for the wages or salaries of or moneys held in trust for employees under section twenty-one-a and section twenty-two or cash deposits upon purchases for future delivery of merchandise or services under section twenty-two, shall be valid.
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