New York § 194-A - 194-AProvision for contingent or unliquidated liabilities
Full text of New York New York Consolidated Laws § 194-A — 194-AProvision for contingent or unliquidated liabilities, with citation guidance and answers to common questions.
§ 194-A. 194-AProvision for contingent or unliquidated liabilities
§ 194-a. Provision for contingent or unliquidated liabilities. If, at the time any dividend is made, there shall be a contingent or unliquidated claim against the debtor or an outstanding bond, recognizance or undertaking upon which the debtor shall have been principal, surety or indemnitor, the trustees must retain in their hands for such period or periods as the court having jurisdiction of the matter may by order direct a sum of money sufficient to pay a due or equal proportion of said dividend upon such contingent or unliquidated claim or liability if and when the same shall be established and liquidated.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 194-A
What does New York Consolidated Laws § 194-A cover?
Section 194-A ("194-AProvision for contingent or unliquidated liabilities") 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 § 194-A?
A common citation format is "New York Consolidated Laws § 194-A" (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 § 194-A 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.