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New York · Through 2026-09-11

N.Y. Debtor & Creditor Law § 8: Discharge or removal of assignee; correction of inventory or schedule; supplemental inventories or schedules

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Where this section sits in the code
  1. Debtor & Creditor Law
  2. Article 2. General Assignments For the Benefit of Creditors

§ 8. Discharge or removal of assignee; correction of inventory or

schedule; supplemental inventories or schedules. The judge shall, in the

case provided in section four, and may also, at any time, on the

petition of one or more creditors, showing misconduct or incompetency of

the assignee, or on petition of the assignee himself, showing sufficient

reason therefor, and after due notice of not less than five days to the

assignor, assignee, surety and such other person as the judge may

prescribe, remove or discharge the assignee, and appoint one or more in

his place, and order an accounting of the assignee so removed or

discharged, and may enjoin such assignee from interfering with the

assignor's estate, and make provision by order for the safe custody of

the same, and enforce obedience to such injunction and orders by

attachment; and, upon the discharge of the assignee upon his own

application, such assignee's bond shall be canceled and discharged. The

new assignee shall give a bond, to be approved as required by section

six. The judge shall have power, by order, to require or allow any

inventory or schedule filed to be corrected or amended. The judge may

also require and compel, from time to time, supplemental inventories or

schedules to be made and filed within such time as he shall prescribe,

and to enforce obedience to all orders by attachment.

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

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