N.Y. FCT Law § 475
This is the official text of N.Y. FCT Law § 475, part of New York’s FCT Law — part of the compiled statutory law of New York, published by the state as "FCT Law." Browse the sections below, each linked to its official government source.
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Procedure as to defaults
Official statutory text
§ 475. Procedure as to defaults. If the surety contests the default\nthe court shall hear and determine the issue. In the event that the\ncourt finds that a default has been suffered, it shall make an order\nspecifying the amount in default and forfeiting the undertaking or cash\ndeposit to the extent of such default. A certified copy of such order\nshall be filed in the county clerk's office with a certified copy of the\nundertaking and thereupon the said clerk shall docket the same in the\nbook kept by the clerk for the docketing of judgments, as if the same\nwas a transcript of a judgment directed for the amount of such sum in\ndefault. The certified copy of the undertaking and of the order shall be\nthe judgment record. Such judgment shall be a lien on all of the real\nestate and collectible out of the real and personal property of the\nsurety. An execution may be issued to collect the amount thereof in the\nsame manner as upon a judgment recovered in any court of record.\n
Status: in_force · Read it on the official government site
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