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N.Y. Debtor & Creditor Law § 214

Effect of order

New York · New York Debtor & Creditor Law · Status: effective · Effective 2014-09-22

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N.Y. Debtor & Creditor Law § 214, Effect of order, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1099652
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§ 214. Effect of order. Upon such order being granted, such trustee shall be discharged from the trust reposed in him, and his power and authority shall thereupon cease; but he shall, notwithstanding, remain subject to any liability he may have incurred, at any time previous to the granting of such order, in the management of his trust.