§ 1305. Discharge of debtor, transfer agent, safe deposit company, bank,

Terms Used In N.Y. Surrogate's Court Procedure Law 1305

  • Decedent: A deceased person.
  • Fiduciary: A trustee, executor, or administrator.
  • Personal property: All property that is not real property.

trust company or other person

The delivery by a voluntary administrator to a debtor, transfer agent, safe deposit company, bank, trust company or other person holding or having custody or possession or control of any personal property of the decedent, of the short form certificate of the court, the receipt of the administrator, and the surrender of any evidentiary document, shall constitute a complete release and discharge for any payment of money or delivery of personal property made pursuant to the certificate, without such person being required to see to the application thereof and with the same effect as if made to any duly appointed fiduciary.