N.Y. DCD Law § 162
This is the official text of N.Y. DCD Law § 162, part of New York’s DCD Law — part of the compiled statutory law of New York, published by the state as "DCD Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Two or more trustees
Official statutory text
§ 162. Two or more trustees. When there are more trustees than one\nappointed, the debts and property of the debtor may be collected and\nreceived by any one of them; and when there are more than two trustees\nappointed, every power and authority conferred by this chapter on the\ntrustees, may be exercised by any two of them.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.