New York § 12 Notices to parties interested in the estate as creditors or otherwise

New York Statutes

§ 12 — Notices to parties interested in the estate as creditors or otherwise

New York § 12

Law DCDDebtor & Creditor

Art. 2General Assignments For the Benefit of Creditors

This text of New York § 12 (Notices to parties interested in the estate as creditors or otherwise) 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. Debtor & Creditor § 12 (2026).

Text

  § 12. Notices to parties interested in the estate as creditors or\notherwise. Parties interested in the estate as creditors, or parties\notherwise interested, if the judge so directs, shall have at least ten\ndays' notice by mail to their respective addresses as they appear in the\nschedule filed by the assignor, or at such other addresses as they shall\nhave filed with the assignee, of (a) all proposed sales of property, (b)\nthe declaration and time of payment of dividends, (c) the filing of the\ninterim account and the filing of the final account of the assignee and\nof the hearing thereon, (d) the proposed compromise of any controversy.\nSuch notice may be published as the judge shall direct and must be\nreturnable in court.\n  The judge may cause such notices to be sent or published

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§ 12. Notices to parties interested in the estate as creditors or\notherwise. Parties interested in the estate as creditors, or parties\notherwise interested, if the judge so directs, shall have at least ten\ndays' notice by mail to their respective addresses as they appear in the\nschedule filed by the assignor, or at such other addresses as they shall\nhave filed with the assignee, of (a) all proposed sales of property, (b)\nthe declaration and time of payment of dividends, (c) the filing of the\ninterim account and the filing of the final account of the assignee and\nof the hearing thereon, (d) the proposed compromise of any controversy.\nSuch notice may be published as the judge shall direct and must be\nreturnable in court.\n The judge may cause such notices to be sent or published on the\npetition of the assignee at any time after the assignment, or on\npetition of any other person interested in the estate, at any time after\nthe lapse of sixty days from the filing of such assignment, or where an\nassignee has been removed and ordered to account as hereinbefore\nprovided on the petition of a creditor, or an assignee's surety, or\nassignor, and on good cause being shown, the judge may grant an order\ndirecting the assignee to show cause at the time specified why a sale of\nthe property should not be had or a dividend should not be paid, or a\nsettlement of his account should not be had, or such other matters as in\nthe opinion of the judge should be disposed of.\n Upon the hearing and determination of such order to show cause the\njudge may make such order in the premises as justice requires.\n Whenever the assignee has filed his final account the judge shall fix\na date for the final hearing to consider the judicial settlement of the\naccount, which date shall not be less than fifteen days following the\nfiling of the account and notices shall be given to the creditors as\nprovided in this section.\n