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New York · Through 2026-09-11

N.Y. Debtor & Creditor Law § 196: Subsequent dividends

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Where this section sits in the code
  1. Debtor & Creditor Law
  2. Article 7. Trustees For Insolvent and Imprisoned Debtors

§ 196. Subsequent dividends. If the whole of such debtor's estate be

not distributed on the first dividend, the trustees shall, within one

year thereafter, make a second dividend of all the moneys belonging to

the estate of the debtor, then in their hands, among the creditors

entitled thereto as hereinbefore specified; and in the same manner from

year to year, so long as any moneys belonging to the estate of such

debtor shall remain in the hands of the trustees, they shall make a

dividend thereof among the creditors entitled thereto.

Collected 2026-09-14T19:32:44Z. Source file · JSON

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