N.Y. Comp. Codes R. & Regs. tit. 10 § 441.175

Current through Register Vol. 46, No. 53, December 31, 2024

Section 441.175 - Indirect liability

(a) An obligation not yet incurred but for which responsibility may have to be assumed in the future; as, the possible liability from the premature settlement of a long-term contract.

(b) A debt of another, as the result of which an obligation to pay may develop; a contingent liability.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 441.175