§ 211. Assignment by renouncing trustee. Such assignment shall be executed by such trustee, to such person, or persons, as the court shall appoint for that purpose; and in the appointment, such persons as shall have been named to be assignees by the creditors of such debtor, or by the major part of them, shall be preferred, if approved by such court.

Terms Used In N.Y. Debtor and Creditor Law 211

  • Trustee: A person or institution holding and administering property in trust.