N.Y. Debtor & Creditor Law § 14: Duties of assignee

§ 14. Duties of assignee. It shall be the duty of the assignee to

collect and reduce to money the property of the estate, under the

direction of the court; report promptly to the court any claims

presented to him which are not provable, or are incorrect or false and

shall also report promptly for allowance all claims presented to him

which are not disputed; close up the estate as expeditiously as

possible; furnish such information concerning the estate as may be

requested by parties in interest; keep regular accounts; pay dividends

as often as is compatible with the best interests of the estate; make

appraisals or in his discretion employ an appraiser or appraisers;

designate and employ auctioneers; file an interim report within six

months of assuming his duites unless excused by the court or unless the

estate has been sooner distributed; file a final report and account at

least fifteen days before the final hearing to consider the judicial

settlement of the account.