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N.Y. Debtor & Creditor Law § 131

Assignment; effect thereof

2014-09-22

§ 131. Assignment; effect thereof. The assignment must be acknowledged\nor proved, and certified, in like manner as a deed to be recorded in the\ncounty, and must be recorded in the clerk's office of the county where\nthe petitioner is imprisoned. Where it appears, from the schedule or\notherwise, that real property will pass thereby, the assignment must\nalso be recorded as a deed, in the proper office for recording deeds, of\neach county where the real property is situated. The assignment vests in\nthe trustee or trustees, for the benefit of the judgment creditors in\nthe executions, by virtue of which the petitioner is imprisoned, all the\nestate, right, title, and interest of the petitioner in and to the\nproperty, so directed to be assigned.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.