§ 54 — Consent of executor, administrator, receiver, or trustee

New York § 54

• Jurisdiction: New York
• Law DCD: Debtor & Creditor
• Art. 3: Insolvent's Discharge From Debts

Text

§ 54. Consent of executor, administrator, receiver, or trustee. An\nexecutor or administrator may become a consenting creditor, under the\norder of the surrogate's court from which his letters issued. A trustee,\nofficial assignee, or receiver of the property of a creditor of the\npetitioner, whether created by operation of law or by the act of\nparties, may become a consenting creditor, under the order of a justice\nof the supreme court. A person who becomes a consenting creditor, as\nprescribed in this section, is chargeable only for the sum which he\nactually receives, as a dividend of the insolvent's property.\n