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N.Y. Debtor & Creditor Law § 77

Trustees, how designated

2014-09-22

§ 77. Trustees, how designated. The trustee or trustees may be\nnominated by a majority in amount of the consenting creditors. If no\nperson is so nominated, one or more persons must be appointed by the\ncourt for the purpose. The nomination may be included in the consent, or\nmade in a separate paper, or orally upon the hearing or trial, and\nentered in the minutes.\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.