§ 194-a. Provision for contingent or unliquidated liabilities. If, at
the time any dividend is made, there shall be a contingent or
unliquidated claim against the debtor or an outstanding bond,
recognizance or undertaking upon which the debtor shall have been
principal, surety or indemnitor, the trustees must retain in their hands
for such period or periods as the court having jurisdiction of the
matter may by order direct a sum of money sufficient to pay a due or
equal proportion of said dividend upon such contingent or unliquidated
claim or liability if and when the same shall be established and
liquidated.