New York Statutes
§ 36 — Exempt security not credited
New York § 36
This text of New York § 36 (Exempt security not credited) 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 § 36 (2026).
Text
§ 36. Exempt security not credited. When any creditor has legal or\nequitable security upon assets which are exempt from process for the\nsatisfaction of unsecured debts and are duly claimed as exempt by the\ninsolvent debtor, the value of such security shall not be credited upon\nthe claim. Amounts realized by the creditor from such security after\nliquidation proceedings are begun shall be disregarded in computing\ndividends, unless the dividend so computed exceeds the sum actually\nowing upon the claim, in which event only the amount owing shall be\npaid.\n
Free access — add to your briefcase to read the full text and ask questions with AI
Cite This Page — Counsel Stack
Bluebook (online)
New York § 36, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/DCD/36.