State Codes and Statutes

Statutes > New-york > Dcd > Article-7 > 194-a

§  194-a. Provision for contingent or unliquidated liabilities. If, at  the  time  any  dividend  is  made,  there  shall  be  a  contingent  or  unliquidated   claim   against   the  debtor  or  an  outstanding  bond,  recognizance or undertaking  upon  which  the  debtor  shall  have  been  principal, surety or indemnitor, the trustees must retain in their hands  for  such  period  or  periods  as  the court having jurisdiction of the  matter may by order direct a sum of money sufficient to  pay  a  due  or  equal  proportion  of said dividend upon such contingent or unliquidated  claim or liability if  and  when  the  same  shall  be  established  and  liquidated.

State Codes and Statutes

Statutes > New-york > Dcd > Article-7 > 194-a

§  194-a. Provision for contingent or unliquidated liabilities. If, at  the  time  any  dividend  is  made,  there  shall  be  a  contingent  or  unliquidated   claim   against   the  debtor  or  an  outstanding  bond,  recognizance or undertaking  upon  which  the  debtor  shall  have  been  principal, surety or indemnitor, the trustees must retain in their hands  for  such  period  or  periods  as  the court having jurisdiction of the  matter may by order direct a sum of money sufficient to  pay  a  due  or  equal  proportion  of said dividend upon such contingent or unliquidated  claim or liability if  and  when  the  same  shall  be  established  and  liquidated.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Dcd > Article-7 > 194-a

§  194-a. Provision for contingent or unliquidated liabilities. If, at  the  time  any  dividend  is  made,  there  shall  be  a  contingent  or  unliquidated   claim   against   the  debtor  or  an  outstanding  bond,  recognizance or undertaking  upon  which  the  debtor  shall  have  been  principal, surety or indemnitor, the trustees must retain in their hands  for  such  period  or  periods  as  the court having jurisdiction of the  matter may by order direct a sum of money sufficient to  pay  a  due  or  equal  proportion  of said dividend upon such contingent or unliquidated  claim or liability if  and  when  the  same  shall  be  established  and  liquidated.