New York § 2509 Control of assets by agreement with surety

New York Statutes

§ 2509 — Control of assets by agreement with surety

New York § 2509

Law CVPCivil Practice Law & Rules

Art. 25Undertakings

This text of New York § 2509 (Control of assets by agreement with surety) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Civil Practice Law & Rules § 2509 (2026).

Text

  § 2509. Control of assets by agreement with surety. Any person of whom\nan undertaking is required may agree with his surety for the deposit of\nany assets for which his surety may be held responsible with a bank, or\nsafe deposit or trust company, authorized to do business in the state,\nif such deposit is otherwise proper and in such manner as to prevent\nwithdrawal without the written consent of the surety or an order of\ncourt, made on notice to the surety. The agreement shall not affect the\nliability of the principal or surety as established by the terms of the\nundertaking.\n

Free access — add to your briefcase to read the full text and ask questions with AI

§ 2509. Control of assets by agreement with surety. Any person of whom\nan undertaking is required may agree with his surety for the deposit of\nany assets for which his surety may be held responsible with a bank, or\nsafe deposit or trust company, authorized to do business in the state,\nif such deposit is otherwise proper and in such manner as to prevent\nwithdrawal without the written consent of the surety or an order of\ncourt, made on notice to the surety. The agreement shall not affect the\nliability of the principal or surety as established by the terms of the\nundertaking.\n