130-D - Fees and allowances. - New York Statutes

§ 130-d. Fees and allowances. In the event of a default in a trust indenture necessitating the sequestration of the rents and income of the property covered thereby and where the trustee or committee or other person or persons representing the bondholders is or are lawfully in possession of the property and they or their attorneys, if any, shall have rendered services in connection with the property at any time after default, no fees or allowances shall be paid for such services unless and until affidavits showing the value thereof have been presented to the court or a justice thereof and such court or justice has approved the same and such fees and allowances, if approved, shall be paid in such manner and at such times as the court or justice shall direct.