Assembly Bill A851

Signed By Governor
2011-2012 Legislative Session

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

download bill text pdf

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Archive: Last Bill Status - Signed by Governor


  • 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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2011-A851 (ACTIVE) - Details

See Senate Version of this Bill:
S1198
Law Section:
Civil Practice Law and Rules
Laws Affected:
Amd §5205, CPLR
Versions Introduced in 2009-2010 Legislative Session:
A11677, S8451

2011-A851 (ACTIVE) - Summary

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

2011-A851 (ACTIVE) - Bill Text download pdf

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

                                   851

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  M.  of  A.  WEINSTEIN  --  read once and referred to the
  Committee on Judiciary

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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