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N.Y. Debtor & Creditor Law § 197

Provision for neglectful creditors

2014-09-22

§ 197. Provision for neglectful creditors. Any creditor who shall have\nneglected to deliver to the trustees an account of his demand, before\nthe first, second, third or other dividend, and who shall deliver his\naccount to them before the second, or other subsequent dividend, shall\nreceive the sum he would have been entitled to, on any former dividend,\nbefore any distribution be made to other creditors.\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.