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This entry was published on 2014-09-22
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SECTION 54
Consent of executor, administrator, receiver, or trustee
Debtor & Creditor (DCD) CHAPTER 12, ARTICLE 3
§ 54. Consent of executor, administrator, receiver, or trustee. An
executor or administrator may become a consenting creditor, under the
order of the surrogate's court from which his letters issued. A trustee,
official assignee, or receiver of the property of a creditor of the
petitioner, whether created by operation of law or by the act of
parties, may become a consenting creditor, under the order of a justice
of the supreme court. A person who becomes a consenting creditor, as
prescribed in this section, is chargeable only for the sum which he
actually receives, as a dividend of the insolvent's property.