N.Y. Debtor & Creditor Law § 191: Payment of debts before maturity
Where this section sits in the code
- Debtor & Creditor Law
- Article 7. Trustees For Insolvent and Imprisoned Debtors
§ 191. Payment of debts before maturity. Every person to whom a
debtor, except one proceeding under the fifth article, shall be indebted
on a valuable consideration, for any sum of money not due at the time of
such distribution, but payable afterwards, shall receive his proportion
with other creditors, after deducting a rebate of legal interest upon
the sum distributed, for the time unexpired of such credit.
Collected 2026-09-14T19:32:44Z. Source file · JSON