New York Statutes

§ 191 — Payment of debts before maturity

New York·Law DCD Debtor & Creditor·Art. 7 Trustees For Insolvent and Imprisoned Debtors
§ 191. Payment of debts before maturity. Every person to whom a\ndebtor, except one proceeding under the fifth article, shall be indebted\non a valuable consideration, for any sum of money not due at the time of\nsuch distribution, but payable afterwards, shall receive his proportion\nwith other creditors, after deducting a rebate of legal interest upon\nthe sum distributed, for the time unexpired of such credit.\n

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

New York § 191 (Payment of debts before maturity) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

12
View on official source ↗