New York § 197 - 197Provision for neglectful creditors
Full text of New York New York Consolidated Laws § 197 — 197Provision for neglectful creditors, with citation guidance and answers to common questions.
§ 197. 197Provision for neglectful creditors
§ 197. Provision for neglectful creditors. Any creditor who shall have neglected to deliver to the trustees an account of his demand, before the first, second, third or other dividend, and who shall deliver his account to them before the second, or other subsequent dividend, shall receive the sum he would have been entitled to, on any former dividend, before any distribution be made to other creditors.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 197
What does New York Consolidated Laws § 197 cover?
Section 197 ("197Provision for neglectful creditors") 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 § 197?
A common citation format is "New York Consolidated Laws § 197" (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 § 197 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.