N.Y. Civil Practice Law & Rules Section 2501
Undertaking

  • definition
Undertaking includes 1. Any obligation, whether or not the principal is a party thereto, which contains a covenant by a surety to pay the required amount, as specified therein, if any required condition, as specified therein or as provided in subdivision (c) section 2502, is not fulfilled; and

2.

any deposit, made subject to the required condition, of the required amount in legal tender of the United States or in face value of unregistered bonds of the United States or of the state.

Source: Section 2501 — Undertaking; definition, https://www.­nysenate.­gov/legislation/laws/CVP/2501 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Green check means up to date. Up to date

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 2501’s source at nysenate​.gov

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