N.Y. Debtor & Creditor Law § 169: Forfeiture for failure to comply with notice

§ 169. Forfeiture for failure to comply with notice. Every person

indebted to such debtor, or having the possession or custody of any

property or thing in action, belonging to him, who shall conceal the

same, and not deliver a just and true account of such indebtedness, or

not deliver such property or thing in action, to the trustees or one of

them, by the day for that purpose appointed, shall forfeit double the

amount of such debt, or double the value of such property so concealed;

which penalties may be recovered by the trustees.