New York DCD Code § 190

Preference of debts owing by debtor as trustee
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§ 190. Preference of debts owing by debtor as trustee. In making such\ndistribution, the trustees shall first pay all debts that may be owing\nby the debtor as guardian, executor, administrator or trustee; and if\nthere be not sufficient to pay all debts of the character above\nspecified, then a distribution shall be made among them, in proportion\nto their amounts respectively.\n

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