N.Y. DCD Law § 32
This is the official text of N.Y. DCD Law § 32, 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.
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Effect of concealment
Official statutory text
§ 32. Effect of concealment. Any secured creditor who with intent to\nevade the provisions of this article fails to disclose the existence of\nthe security shall not be entitled to receive or retain dividends out of\nthe general assets, unless he thereafter releases or surrenders to the\nliquidator the security which he has failed to disclose, or unless he\nprocures such release or surrender if the security is in the possession\nof an indorser, surety, or other person secondarily liable for the\ninsolvent debtor.\n
Status: in_force · Read it on the official government site
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