N.Y. Comp. Codes R. & Regs. tit. 10 § 451.152

Current through Register Vol. 46, No. 41, October 9, 2024

Section 451.152 - 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.

(c) A contingent liability.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 451.152