N.Y. Surrogate's Court Procedure Act § 1305: Discharge of debtor, transfer agent, safe deposit company, bank, trust company or other person The delivery by a voluntary administrator ...

§ 1305. Discharge of debtor, transfer agent, safe deposit company, bank,

trust company or other person

The delivery by a voluntary administrator to a debtor, transfer agent,

safe deposit company, bank, trust company or other person holding or

having custody or possession or control of any personal property of the

decedent, of the short form certificate of the court, the receipt of the

administrator, and the surrender of any evidentiary document, shall

constitute a complete release and discharge for any payment of money or

delivery of personal property made pursuant to the certificate, without

such person being required to see to the application thereof and with

the same effect as if made to any duly appointed fiduciary.