Statute · New York Debtor & Creditor Law
N.Y. Debt. & Cred. Law § 54 — Consent of executor, administrator, receiver, or trustee
N.Y. Debt. & Cred. Law § 54
- Type
- Statute
- Source
- New York Debtor & Creditor Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 54. Consent of executor, administrator, receiver, or trustee. An executor or administrator may become a consenting creditor, under the order of the surrogate's court from which his letters issued. A trustee, official assignee, or receiver of the property of a creditor of the petitioner,…
Citator
N.Y. Debt. & Cred. Law § 54 — Consent of executor, administrator, receiver, or trustee is in force in the current edition of the Code, and nothing recorded condemns it.
§ 54. Consent of executor, administrator, receiver, or trustee. An executor or administrator may become a consenting creditor, under the order of the surrogate's court from which his letters issued. A trustee, official assignee, or receiver of the property of a creditor of the petitioner, whether created by operation of law or by the act of parties, may become a consenting creditor, under the order of a justice of the supreme court. A person who becomes a consenting creditor, as prescribed in this section, is chargeable only for the sum which he actually receives, as a dividend of the insolvent's property.