New York § 191 - 191Payment of debts before maturity
Full text of New York New York Consolidated Laws § 191 — 191Payment of debts before maturity, with citation guidance and answers to common questions.
§ 191. 191Payment of debts before maturity
§ 191. Payment of debts before maturity. Every person to whom a debtor, except one proceeding under the fifth article, shall be indebted on a valuable consideration, for any sum of money not due at the time of such distribution, but payable afterwards, shall receive his proportion with other creditors, after deducting a rebate of legal interest upon the sum distributed, for the time unexpired of such credit.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 191
What does New York Consolidated Laws § 191 cover?
Section 191 ("191Payment of debts before maturity") 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 § 191?
A common citation format is "New York Consolidated Laws § 191" (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 § 191 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.