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Current as of January 01, 2026 | Updated by Findlaw Staff
If the whole of such debtor's estate be not distributed on the first dividend, the trustees shall, within one year thereafter, make a second dividend of all the moneys belonging to the estate of the debtor, then in their hands, among the creditors entitled thereto as hereinbefore specified; and in the same manner from year to year, so long as any moneys belonging to the estate of such debtor shall remain in the hands of the trustees, they shall make a dividend thereof among the creditors entitled thereto.
Cite this article: FindLaw.com - New York Consolidated Laws, Debtor and Creditor Law - DCD § 196. Subsequent dividends - last updated January 01, 2026 | https://codes.findlaw.com/ny/debtor-and-creditor-law/dcd-sect-196/
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