N.Y. Estates, Powers and Trusts Law 12-2.4 – Effect of judgment
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§ 12-2.4 Effect of judgment
Terms Used In N.Y. Estates, Powers and Trusts Law 12-2.4
- Decedent: A deceased person.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
A judgment recovered in an action brought under this article is preferred, as a lien on any property of the decedent passing to a defendant against whom the judgment was recovered, to a judgment obtained against such defendant on his personal obligation.