N.Y. Debtor & Creditor Law Section 10
Action on bond

  • application of recovery

Any action brought upon an assignee’s bond may be prosecuted by a party in interest by leave of the court; and all moneys realized thereon shall be applied by direction of the judge in satisfaction of the debts of the assignor in the same manner as the same ought to have been applied by such assignee.

Source: Section 10 — Action on bond; application of recovery, https://www.­nysenate.­gov/legislation/laws/DCD/10 (updated Sep. 22, 2014; accessed Jun. 15, 2024).

Jun. 15, 2024

Last modified:
Sep. 22, 2014

§ 10’s source at nysenate​.gov

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