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New York · Through 2026-09-11

N.Y. Debtor & Creditor Law § 54: Consent of executor, administrator, receiver, or trustee

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Where this section sits in the code
  1. Debtor & Creditor Law
  2. Article 3. Insolvent's Discharge From Debts

§ 54. Consent of executor, administrator, receiver, or trustee. An

executor or administrator may become a consenting creditor, under the

order of the surrogate's court from which his letters issued. A trustee,

official assignee, or receiver of the property of a creditor of the

petitioner, whether created by operation of law or by the act of

parties, may become a consenting creditor, under the order of a justice

of the supreme court. A person who becomes a consenting creditor, as

prescribed in this section, is chargeable only for the sum which he

actually receives, as a dividend of the insolvent's property.

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

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