State Codes and Statutes

Statutes > New-york > Cvp > Article-25 > 2509

§ 2509. Control of assets by agreement with surety. Any person of whom  an  undertaking is required may agree with his surety for the deposit of  any assets for which his surety may be held responsible with a bank,  or  safe  deposit  or trust company, authorized to do business in the state,  if such deposit is otherwise proper and in such  manner  as  to  prevent  withdrawal  without  the  written  consent  of the surety or an order of  court, made on notice to the surety. The agreement shall not affect  the  liability  of the principal or surety as established by the terms of the  undertaking.

State Codes and Statutes

Statutes > New-york > Cvp > Article-25 > 2509

§ 2509. Control of assets by agreement with surety. Any person of whom  an  undertaking is required may agree with his surety for the deposit of  any assets for which his surety may be held responsible with a bank,  or  safe  deposit  or trust company, authorized to do business in the state,  if such deposit is otherwise proper and in such  manner  as  to  prevent  withdrawal  without  the  written  consent  of the surety or an order of  court, made on notice to the surety. The agreement shall not affect  the  liability  of the principal or surety as established by the terms of the  undertaking.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Cvp > Article-25 > 2509

§ 2509. Control of assets by agreement with surety. Any person of whom  an  undertaking is required may agree with his surety for the deposit of  any assets for which his surety may be held responsible with a bank,  or  safe  deposit  or trust company, authorized to do business in the state,  if such deposit is otherwise proper and in such  manner  as  to  prevent  withdrawal  without  the  written  consent  of the surety or an order of  court, made on notice to the surety. The agreement shall not affect  the  liability  of the principal or surety as established by the terms of the  undertaking.