New York § 102 Undertaking to accompany application for discharge

New York Statutes

§ 102 — Undertaking to accompany application for discharge

New York § 102

Law LIELien

Art. 4Liens On Vessels and Enforcement Thereof

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Bluebook

N.Y. Lien § 102 (2026).

Text

  § 102. Undertaking to accompany application for discharge. The\napplication shall be accompanied by an undertaking to the lienor\nexecuted by at least two sureties in a sum at least twice the amount\nspecified in the warrant, to the effect that the person making the\napplication for the discharge of the vessel will pay the amount of all\nclaims and demands which shall be established to be due to the person in\nwhose behalf the warrant was issued, and to have been a subsisting lien\non the vessel at the time of its issue. The undertaking when found\nsufficient, must be approved by the justice to whom the application is\nmade as to the sufficiency of the sureties, and the lienor may examine\nthe sureties as to their sufficiency at such time and places as may be\nfixed by such justice.\n

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§ 102. Undertaking to accompany application for discharge. The\napplication shall be accompanied by an undertaking to the lienor\nexecuted by at least two sureties in a sum at least twice the amount\nspecified in the warrant, to the effect that the person making the\napplication for the discharge of the vessel will pay the amount of all\nclaims and demands which shall be established to be due to the person in\nwhose behalf the warrant was issued, and to have been a subsisting lien\non the vessel at the time of its issue. The undertaking when found\nsufficient, must be approved by the justice to whom the application is\nmade as to the sufficiency of the sureties, and the lienor may examine\nthe sureties as to their sufficiency at such time and places as may be\nfixed by such justice.\n