Statute · New York Debtor & Creditor Law
N.Y. Debt. & Cred. Law § 198 — Unclaimed dividends
N.Y. Debt. & Cred. Law § 198
- Type
- Statute
- Source
- New York Debtor & Creditor Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 198. Unclaimed dividends. If any dividend that shall have been declared, shall remain unclaimed by the person entitled thereto for one year after the same was declared, the trustees shall consider it as relinquished, and shall distribute it, on any subsequent dividend, among the other creditors.
Citator
N.Y. Debt. & Cred. Law § 198 — Unclaimed dividends is in force in the current edition of the Code, and nothing recorded condemns it.
§ 198. Unclaimed dividends. If any dividend that shall have been declared, shall remain unclaimed by the person entitled thereto for one year after the same was declared, the trustees shall consider it as relinquished, and shall distribute it, on any subsequent dividend, among the other creditors.