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New York · Through 2026-09-11

N.Y. Debtor & Creditor Law § 197: Provision for neglectful creditors

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

§ 197. Provision for neglectful creditors. Any creditor who shall have

neglected to deliver to the trustees an account of his demand, before

the first, second, third or other dividend, and who shall deliver his

account to them before the second, or other subsequent dividend, shall

receive the sum he would have been entitled to, on any former dividend,

before any distribution be made to other creditors.

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

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