N.Y. DCD Law § 54
This is the official text of N.Y. DCD Law § 54, 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.
Consent of executor, administrator, receiver, or trustee
Official statutory text
§ 54. Consent of executor, administrator, receiver, or trustee. An\nexecutor or administrator may become a consenting creditor, under the\norder of the surrogate's court from which his letters issued. A trustee,\nofficial assignee, or receiver of the property of a creditor of the\npetitioner, whether created by operation of law or by the act of\nparties, may become a consenting creditor, under the order of a justice\nof the supreme court. A person who becomes a consenting creditor, as\nprescribed in this section, is chargeable only for the sum which he\nactually receives, as a dividend of the insolvent's property.\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.