N.Y. DCD Law § 33
This is the official text of N.Y. DCD Law § 33, 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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Value of security credited upon claims
Official statutory text
§ 33. Value of security credited upon claims. Dividends paid to\nsecured creditors shall be computed only upon the balance due after the\nvalue of all security not exempt from the claims of unsecured creditors\nand not released or surrendered to the liquidator, is determined and\ncredited upon the claim secured by it.\n
Status: in_force · Read it on the official government site
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