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Statutes » New York » RPA Law » Article 17

N.Y. RPA Law § 1761

This is the official text of N.Y. RPA Law § 1761, part of New York’s RPA Law — part of the compiled statutory law of New York, published by the state as "RPA Law." Browse the sections below, each linked to its official government source.

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Distribution of proceeds of disposition

Official statutory text

§ 1761. Distribution of proceeds of disposition. 1. After the\ndisposition of real property as provided in this article, the court\nshall direct the distribution of the proceeds.\n 2. The court shall direct the payment from the proceeds of all debts,\nin equal proportion, without giving a preference to a debt founded upon\na specialty or upon which judgment has been taken.\n 3. The court shall direct the investment of any portion of the\nproceeds belonging to the infant, incompetent person or conservatee\nwhich is not needed for the payment of debts, or the safe keeping, or\nthe immediate maintenance and education of himself or his family, or for\nthe preservation or improvement of his real property or his interest in\nreal property.\n 4. The court shall require a report, under oath, of the disposition\nand investment of the proceeds to be made as soon as practicable, and\nmust compel periodical accounts to be rendered thereafter by each person\nwho is intrusted with the proceeds or any part thereof.\n

Status: in_force · Read it on the official government site

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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.