N.Y. CPLR § 1324

NEW YORK CIVIL PRACTICE LAW AND RULES (CPLR) New York State | For Informational Purposes Only CPLR § 1324 Claiming agent's duties after levy. 1 § 1324. Claiming agent's duties after levy. 1. Retention of property.The claiming agent shall hold and safely keep all property or debtspaid, delivered, transferred or assigned to him or her or taken into hisor her custody to answer any judgment that may be obtained against thedefendant in the action, unless otherwise directed by the court or theclaiming authority, subject to the payment of the claiming agent's feesand expenses, if any. Any money shall be held for the benefit of theparties to the action in an interest-bearing trust account at a nationalor state bank or trust company. If the urgency of the case requires, thecourt may direct sale or other disposition of property, specifying themanner and terms thereof, with notice to the parties to the action andthe garnishee who has possession of such property.2. Inventory. Within fifteen days after service of an order ofattachment or forthwith after such order has been vacated or annulled,the claiming agent shall file an inventory of property seized, adescription of real property levied upon, the names and addresses of allpersons served with the order of attachment, and an estimate of thevalue of all property levied upon.