New York § 3 Requisites of general assignment

New York Statutes

§ 3 — Requisites of general assignment

New York § 3

Law DCDDebtor & Creditor

Art. 2General Assignments For the Benefit of Creditors

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Bluebook

N.Y. Debtor & Creditor § 3 (2026).

Text

  § 3. Requisites of general assignment. Every conveyance or assignment\nmade by a debtor of his estate, real or personal, or both, to an\nassignee for the creditors of such debtor, shall be in writing, and\nshall specifically state therein the residence and kind of business\ncarried on by such debtor at the time of making the assignment, and the\nplace at which such business shall then be conducted, and if such place\nbe in a city, the street and number thereof, and if in a village or town\nsuch apt designation as shall reasonably identify such debtor.\n  Every such conveyance or assignment shall be duly acknowledged before\nan officer authorized to take the acknowledgment of deeds and shall be\nrecorded in the county clerk's office in the county where such debtor\nshall reside or carry o

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§ 3. Requisites of general assignment. Every conveyance or assignment\nmade by a debtor of his estate, real or personal, or both, to an\nassignee for the creditors of such debtor, shall be in writing, and\nshall specifically state therein the residence and kind of business\ncarried on by such debtor at the time of making the assignment, and the\nplace at which such business shall then be conducted, and if such place\nbe in a city, the street and number thereof, and if in a village or town\nsuch apt designation as shall reasonably identify such debtor.\n Every such conveyance or assignment shall be duly acknowledged before\nan officer authorized to take the acknowledgment of deeds and shall be\nrecorded in the county clerk's office in the county where such debtor\nshall reside or carry on his business at the date thereof. An assignment\nby copartners shall be recorded in the county where the principal place\nof business of such copartners is situated. An assignment by a\ncorporation shall be recorded in the county where its principal place of\nbusiness is situated. When real property is a part of the property\nassigned, and is situated in a county other than the one in which the\noriginal assignment is required to be recorded, a certified copy of such\nassignment shall be filed and recorded in the county where such property\nis situated.\n The assent of the assignee, subscribed and acknowledged by him, shall\nappear in writing, embraced in or at the end of, or indorsed upon the\nassignment, before the same is recorded, and, if separate from the\nassignment, shall be duly acknowledged.\n In all cases where an assignment is made by a corporation the right to\nrecover the amount due from stockholders on unpaid capital stock issued\nto or subscribed for by them shall pass to the assignee whether\nmentioned in the assignment or not.\n The right of any person to payments, including tax refunds, recovery\nrebates, refundable tax credits, and any advances of any tax credits,\nunder the federal Families First Coronavirus Response Act (FFCRA),\nCoronavirus Aid, Relief, and Economic Security Act of 2020 (CARES Act),\nConsolidated Appropriations Act of 2021, and American Rescue Plan Act of\n2021 (ARPA) shall not be transferable or assignable, at law or in\nequity.\n