N.Y. Debtor & Creditor Law § 160: Trustees for creditors

§ 160. Trustees for creditors. All trustees, appointed under any

authority, conferred by articles three, four and five of this chapter,

in the several cases therein contemplated, are hereby declared to be

trustees of the estate of the debtor, in relation to whose property they

shall be appointed, for the benefit of his creditors; and shall be

vested with all the powers and authority hereinafter specified, and

shall be subject to the control, obligations and responsibilities

hereinafter declared.