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The Laws of New York
Consolidated Laws of New York
CHAPTER 12
Debtor & Creditor
ARTICLE 2-A
Secured Creditors
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SECTION 32
Effect of concealment
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ARTICLE 2-A
Secured Creditors
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SECTION 34
Determination of value by secured creditor
This entry was published on 2014-09-22
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SECTION 33
Value of security credited upon claims
Debtor & Creditor (DCD) CHAPTER 12, ARTICLE 2-A
§ 33. Value of security credited upon claims. Dividends paid to
secured creditors shall be computed only upon the balance due after the
value of all security not exempt from the claims of unsecured creditors
and not released or surrendered to the liquidator, is determined and
credited upon the claim secured by it.