Statute · New York Debtor & Creditor Law
N.Y. Debt. & Cred. Law § 191 — Payment of debts before maturity
N.Y. Debt. & Cred. Law § 191
- Type
- Statute
- Source
- New York Debtor & Creditor Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 191. Payment of debts before maturity. Every person to whom a debtor, except one proceeding under the fifth article, shall be indebted on a valuable consideration, for any sum of money not due at the time of such distribution, but payable afterwards, shall receive his proportion with other…
Citator
N.Y. Debt. & Cred. Law § 191 — Payment of debts before maturity is in force in the current edition of the Code, and nothing recorded condemns it.
§ 191. Payment of debts before maturity. Every person to whom a debtor, except one proceeding under the fifth article, shall be indebted on a valuable consideration, for any sum of money not due at the time of such distribution, but payable afterwards, shall receive his proportion with other creditors, after deducting a rebate of legal interest upon the sum distributed, for the time unexpired of such credit.