§ 54. Consent of executor, administrator, receiver, or trustee.
101 words·~1 min read·
/ny/debtor-creditor/insolvent-s-discharge-from-debts/54·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 54. Consent of executor, administrator, receiver, or trustee. An
executor or administrator may become a consenting creditor, under the
order of the surrogate's court from which his letters issued. A trustee,
official assignee, or receiver of the property of a creditor of the
petitioner, whether created by operation of law or by the act of
parties, may become a consenting creditor, under the order of a justice
of the supreme court. A person who becomes a consenting creditor, as
prescribed in this section, is chargeable only for the sum which he
actually receives, as a dividend of the insolvent's property.