New York § 191 Payment of debts before maturity

New York Statutes

§ 191 — Payment of debts before maturity

New York § 191

Law DCDDebtor & Creditor

Art. 7Trustees For Insolvent and Imprisoned Debtors

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Bluebook

N.Y. Debtor & Creditor § 191 (2026).

Text

  § 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

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§ 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