N.Y. Correction Law 352 – Creditor must relinquish security
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§ 352. Creditor must relinquish security. A creditor of the prisoner, who has a judgment, mortgage, or other security, specified in § 59 of the debtor and creditor law, can not apply for such an appointment, with respect to the debt so secured, unless he appends to or includes in his petition, the declaration, required by that section from a consenting creditor; which declaration has the same effect as the declaration of a consenting creditor, as therein specified.
Terms Used In N.Y. Correction Law 352
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
