New York § 12-1.3 Extent of liability; judgment debtor's right to indemnity and

New York Statutes

§ 12-1.3 — Extent of liability; judgment debtor's right to indemnity and

New York § 12-1.3

Law EPTEstates, Powers & Trusts

Part 1Liability of Distributees and Testamentary Beneficiaries and Action Thereon

Art. 12Actions By Creditors and Other Persons Against Distributees and Testamentary Beneficiaries

This text of New York § 12-1.3 (Extent of liability; judgment debtor's right to indemnity and) 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. Estates, Powers & Trusts § 12-1.3 (2026).

Text

§ 12-1.3 Extent of liability; judgment debtor's right to  indemnity and\n           contribution\n  (a) Although subject, under paragraph (a) of 12-1.1, to a judgment in\nthe full amount of the value of any property received by him, which may\nexceed his ratable obligation as described herein, the maximum liability\nto which a distributee or testamentary beneficiary is subject under this\narticle is his ratable obligation, in the proportion that the value of\nthe decedent's property passing to him bears to the value of all such\nproperty passing to distributees or beneficiaries, as the case may be,\nwithin the same order of liability as his under paragraph (a) of 12-1.2.\n  (b) Any person against whom a judgment is obtained under this article,\nupon payment thereof, is entitled:\n  (1) To 

Free access — add to your briefcase to read the full text and ask questions with AI

§ 12-1.3 Extent of liability; judgment debtor's right to indemnity and\n contribution\n (a) Although subject, under paragraph (a) of 12-1.1, to a judgment in\nthe full amount of the value of any property received by him, which may\nexceed his ratable obligation as described herein, the maximum liability\nto which a distributee or testamentary beneficiary is subject under this\narticle is his ratable obligation, in the proportion that the value of\nthe decedent's property passing to him bears to the value of all such\nproperty passing to distributees or beneficiaries, as the case may be,\nwithin the same order of liability as his under paragraph (a) of 12-1.2.\n (b) Any person against whom a judgment is obtained under this article,\nupon payment thereof, is entitled:\n (1) To be indemnified by any person prior to liability to him under\nparagraph (a) of 12-1.2, who remains liable under this article but\nagainst whom recovery was not available for a reason set forth in\nsubparagraph (b) (2) of 12-1.1.\n (2) To contribution, for any sum paid in excess of his ratable\nobligation as described in paragraph (a), from any person within the\nsame order of liability as his under paragraph (a) of 12-1.2, but only\nto the extent that such person's ratable obligation is unpaid.\n