§ 107. When discharge to be granted; effect thereof. Upon the\nproduction by the petitioner, of the certificates of the trustee or\ntrustees, and the county clerk, to the effect prescribed in section\nseventy-nine of this chapter, the court must grant to the petitioner a\ndischarge, declaring that the petitioner is forever thereafter exempted\nfrom arrest or imprisonment, by reason of any debt due at the time of\nmaking the assignment, or contracted before that time, though payable\nafterwards; or by reason of any liability incurred by him, by making or\nindorsing a promissory note, or by accepting, drawing, or indorsing a\nbill of exchange, before the execution of the assignment; or in\nconsequence of the payment, by any party to such a note or bill, of the\nwhole or any part of the money secured thereby, whether the payment is\nmade before or after the execution of the assignment, with the\nexceptions specified in section one hundred and thirty-eight of this\nchapter. The discharge shall have the effect therein declared, as\nprescribed in this section.\n
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.