N.Y. Debtor & Creditor Law Section 23
Limitation of preferences

In all general assignments of the estates of debtors for the benefit of creditors no preference created therein, other than for the wages or salaries of or moneys held in trust for employees under section twenty-one-a and section twenty-two or cash deposits upon purchases for future delivery of merchandise or services under section twenty-two, shall be valid.

Source: Section 23 — Limitation of preferences, https://www.­nysenate.­gov/legislation/laws/DCD/23 (updated Sep. 22, 2014; accessed Jun. 15, 2024).

Jun. 15, 2024

Last modified:
Sep. 22, 2014

§ 23’s source at nysenate​.gov

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