Senate Bill S8451

2009-2010 Legislative Session

Relates to increasing property values which are exempt from the satisfaction of a money judgement

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-S8451 (ACTIVE) - Details

See Assembly Version of this Bill:
A11677
Current Committee:
Assembly Judiciary
Law Section:
Civil Practice Law and Rules
Laws Affected:
Amd §5205, CPLR (as proposed in S.7034A and A.8735A)
Versions Introduced in 2011-2012 Legislative Session:
S1198, A851

2009-S8451 (ACTIVE) - Summary

Relates to increasing property values which are exempt from the satisfaction of a money judgement and increases the exemptions in bankruptcy.

2009-S8451 (ACTIVE) - Sponsor Memo

2009-S8451 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  8451

                            I N  S E N A T E

                              July 26, 2010
                               ___________

Introduced  by  Sen. SCHNEIDERMAN -- read twice and ordered printed, and
  when printed to be committed to the Committee on Rules

AN ACT to amend the  civil  practice  law  and  rules,  in  relation  to
  increasing  the property values which are exempt from the satisfaction
  of a money judgment

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.    Paragraph  8  of subdivision (a) of section 5205 of the
civil practice law and rules, as added by a chapter of the laws of  2010
amending  the  civil  practice  law and rules relating to increasing the
property values which are exempt from the satisfaction of a money  judg-
ment, as proposed in legislative bills numbers S.7034-A and A.8735-A, is
amended to read as follows:
  8.  one  motor  vehicle  not  exceeding four thousand dollars in value
above liens and encumbrances of the debtor; if  such  vehicle  has  been
equipped  for  use  by  a  disabled debtor, then ten thousand dollars in
value above liens and encumbrances of  the  debtor;  provided,  however,
that  this  exemption  for one motor vehicle shall not apply if the debt
enforced is for child support, spousal support, maintenance, alimony  or
equitable  distribution, OR IF THE STATE OF NEW YORK OR ANY OF ITS AGEN-
CIES OR ANY MUNICIPAL CORPORATION IS THE JUDGMENT CREDITOR; and
  S 2. This act shall take effect on the  same  date  and  in  the  same
manner  as a chapter of the laws of 2010 amending the civil practice law
and rules relating to increasing the property values  which  are  exempt
from  the  satisfaction  of a money judgment, as proposed in legislative
bills numbers S.7034-A and A.8735-A, takes effect.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD18028-01-0

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