N.Y. RPP Law § 130-D
This is the official text of N.Y. RPP Law § 130-D, part of New York’s RPP Law — part of the compiled statutory law of New York, published by the state as "RPP Law." Browse the sections below, each linked to its official government source.
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Fees and allowances
Official statutory text
§ 130-d. Fees and allowances. In the event of a default in a trust\nindenture necessitating the sequestration of the rents and income of the\nproperty covered thereby and where the trustee or committee or other\nperson or persons representing the bondholders is or are lawfully in\npossession of the property and they or their attorneys, if any, shall\nhave rendered services in connection with the property at any time after\ndefault, no fees or allowances shall be paid for such services unless\nand until affidavits showing the value thereof have been presented to\nthe court or a justice thereof and such court or justice has approved\nthe same and such fees and allowances, if approved, shall be paid in\nsuch manner and at such times as the court or justice shall direct.\n
Status: in_force · Read it on the official government site
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