New York § 196 Subsequent dividends

New York Statutes

§ 196 — Subsequent dividends

New York § 196

Law DCDDebtor & Creditor

Art. 7Trustees For Insolvent and Imprisoned Debtors

This text of New York § 196 (Subsequent dividends) 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 § 196 (2026).

Text

  § 196. Subsequent dividends. If the whole of such debtor's estate be\nnot distributed on the first dividend, the trustees shall, within one\nyear thereafter, make a second dividend of all the moneys belonging to\nthe estate of the debtor, then in their hands, among the creditors\nentitled thereto as hereinbefore specified; and in the same manner from\nyear to year, so long as any moneys belonging to the estate of such\ndebtor shall remain in the hands of the trustees, they shall make a\ndividend thereof among the creditors entitled thereto.\n

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§ 196. Subsequent dividends. If the whole of such debtor's estate be\nnot distributed on the first dividend, the trustees shall, within one\nyear thereafter, make a second dividend of all the moneys belonging to\nthe estate of the debtor, then in their hands, among the creditors\nentitled thereto as hereinbefore specified; and in the same manner from\nyear to year, so long as any moneys belonging to the estate of such\ndebtor shall remain in the hands of the trustees, they shall make a\ndividend thereof among the creditors entitled thereto.\n