§ 99 — Payment of uncontested claims

New York § 99

• Jurisdiction: New York
• Law LIE: Lien
• Art. 4: Liens On Vessels and Enforcement Thereof

Text

§ 99. Payment of uncontested claims. Any uncontested claims, entitled\nto priority of payment over the claims which are contested, shall, on\nmotion of the parties interested, be paid with costs, in the order of\ntheir respective priorities, without awaiting the determination of such\ncontest. If at any time it is made to appear that after the payment of\nall prior uncontested claims and their respective costs, and after\ndeducting an amount sufficient to pay all prior contested claims and\ncosts, that there remains a surplus of proceeds applicable to the\npayment of any subsequent uncontested claims, such claims may on notice\nto all the parties interested be paid out of the surplus with costs,\nwithout awaiting the determination of such contest.\n