Statute · New York Real Property Actions & Proceedings Law
N.Y. Real Prop. Acts. Law § 971 — Security for refund
N.Y. Real Prop. Acts. Law § 971
- Type
- Statute
- Source
- New York Real Property Actions & Proceedings Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 971. Security for refund. The court, in its discretion, may require any person, before he receives his portion of the proceeds of the sale to give such security as it directs, to the state, or the county treasurer, who shall hold it for the use and benefit of the persons interested, or to such…
Citator
N.Y. Real Prop. Acts. Law § 971 — Security for refund is in force in the current edition of the Code, and nothing recorded condemns it.
§ 971. Security for refund. The court, in its discretion, may require any person, before he receives his portion of the proceeds of the sale to give such security as it directs, to the state, or the county treasurer, who shall hold it for the use and benefit of the persons interested, or to such parties or other persons as it prescribes, to refund the same, or a portion thereof, with interest, if it thereafter appears that he was not entitled thereto.