Statute · New York Debtor & Creditor Law
N.Y. Debt. & Cred. Law § 33 — Value of security credited upon claims
N.Y. Debt. & Cred. Law § 33
- Type
- Statute
- Source
- New York Debtor & Creditor Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 33. Value of security credited upon claims. Dividends paid to secured creditors shall be computed only upon the balance due after the value of all security not exempt from the claims of unsecured creditors and not released or surrendered to the liquidator, is determined and credited upon the…
Citator
N.Y. Debt. & Cred. Law § 33 — Value of security credited upon claims is in force in the current edition of the Code, and nothing recorded condemns it.
§ 33. Value of security credited upon claims. Dividends paid to secured creditors shall be computed only upon the balance due after the value of all security not exempt from the claims of unsecured creditors and not released or surrendered to the liquidator, is determined and credited upon the claim secured by it.