Statute · New York Debtor & Creditor Law
N.Y. Debt. & Cred. Law § 196 — Subsequent dividends
N.Y. Debt. & Cred. Law § 196
- Type
- Statute
- Source
- New York Debtor & Creditor Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 196. Subsequent dividends. If the whole of such debtor's estate be not distributed on the first dividend, the trustees shall, within one year thereafter, make a second dividend of all the moneys belonging to the estate of the debtor, then in their hands, among the creditors entitled thereto as…
Citator
N.Y. Debt. & Cred. Law § 196 — Subsequent dividends is in force in the current edition of the Code, and nothing recorded condemns it.
§ 196. Subsequent dividends. If the whole of such debtor's estate be not distributed on the first dividend, the trustees shall, within one year thereafter, make a second dividend of all the moneys belonging to the estate of the debtor, then in their hands, among the creditors entitled thereto as hereinbefore specified; and in the same manner from year to year, so long as any moneys belonging to the estate of such debtor shall remain in the hands of the trustees, they shall make a dividend thereof among the creditors entitled thereto.