New York Statutes

§ 130-D — Fees and allowances

New York·Law RPP Real Property·Art. 4-A Trust Indentures and Interests Therein
§ 130-d. Fees and allowances. In the event of a default in a trust\nindenture necessitating the sequestration of the rents and income of the\nproperty covered thereby and where the trustee or committee or other\nperson or persons representing the bondholders is or are lawfully in\npossession of the property and they or their attorneys, if any, shall\nhave rendered services in connection with the property at any time after\ndefault, no fees or allowances shall be paid for such services unless\nand until affidavits showing the value thereof have been presented to\nthe court or a justice thereof and such court or justice has approved\nthe same and such fees and allowances, if approved, shall be paid in\nsuch manner and at such times as the court or justice shall direct.\n

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

New York § 130-D (Fees and allowances) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

11
View on official source ↗