New York § 130-D - 130-DFees and allowances
Full text of New York New York Consolidated Laws § 130-D — 130-DFees and allowances, with citation guidance and answers to common questions.
§ 130-D. 130-DFees and allowances
§ 130-d. Fees and allowances. In the event of a default in a trust indenture necessitating the sequestration of the rents and income of the property covered thereby and where the trustee or committee or other person or persons representing the bondholders is or are lawfully in possession of the property and they or their attorneys, if any, shall have rendered services in connection with the property at any time after default, no fees or allowances shall be paid for such services unless and until affidavits showing the value thereof have been presented to the court or a justice thereof and such court or justice has approved the same and such fees and allowances, if approved, shall be paid in such manner and at such times as the court or justice shall direct.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 130-D
What does New York Consolidated Laws § 130-D cover?
Section 130-D ("130-DFees and allowances") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 130-D?
A common citation format is "New York Consolidated Laws § 130-D" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 130-D apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.