senate Bill S1198

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

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Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 05 / Jan / 2011
    • REFERRED TO FINANCE
  • 18 / Jan / 2011
    • REPORTED AND COMMITTED TO RULES
  • 18 / Jan / 2011
    • ORDERED TO THIRD READING CAL.1
  • 19 / Jan / 2011
    • SUBSTITUTED BY A851

Summary

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

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Bill Details

See Assembly Version of this Bill:
A851
Versions:
S1198
Legislative Cycle:
2011-2012
Law Section:
Civil Practice Law and Rules
Laws Affected:
Amd ยง5205, CPLR
Versions Introduced in 2009-2010 Legislative Cycle:
S8451, A11677

Sponsor Memo

BILL NUMBER: S1198

TITLE OF BILL :
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


PURPOSE OF BILL :
This bill will serve as a chapter amendment to Chapter 568 of the Laws
of 2010.

SUMMARY OF PROVISIONS OF BILL :
Section 1 amends paragraph 8 of subdivision (a) of section 5205 of the
civil practice law and rules to include an exception to the money
judgment exemption regarding motor vehicles for a judgment creditor
where such creditor is the state of New York, its agency or any
municipal corporation.

LEGISLATIVE HISTORY :
Chapter amendment to Chapter 568 of the Laws of 2010.

FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS :
Undetermined.

EFFECTIVE DATE :
This act shall take effect on the same date and in the same manner as
Chapter 568 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.
view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1198

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             January 5, 2011
                               ___________

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

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 amended by chapter 568 of the  laws  of
2010, 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 chapter 568 of the laws of 2010 takes effect.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06839-01-1

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