New York Statutes

§ 13-107 — Claims or demands transferred with bond unless reserved

New York § 13-107
JurisdictionNew York
Law GOBGeneral Obligations
Title 1Transferability; Effect of Transfer
Art. 13Transfer of Obligations and Rights

This text of New York § 13-107 (Claims or demands transferred with bond unless reserved) 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. General Obligations § 13-107 (2026).

Text

§ 13-107. Claims or demands transferred with bond unless reserved. 1.\nUnless expressly reserved in writing, a transfer of any bond shall vest\nin the transferee all claims or demands of the transferrer, whether or\nnot such claims or demands are known to exist, (a) for damages or\nrescission against the obligor on such bond, (b) for damages against the\ntrustee or depositary under any indenture under which such bond was\nissued or outstanding, and (c) for damages against any guarantor of the\nobligation of such obligor, trustee or depositary.\n 2. As used in this section, "bond" shall mean and include any and all\nshares and interests in an issue of bonds, notes, debentures or other\nevidences of indebtedness of individuals, partnerships, associations or\ncorporations, whether or not s

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New York § 13-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/GOB/13-107.