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Assembly Bill A10186

2013-2014 Legislative Session

Relates to exempting certain rent regulated tenancies from an estate in bankruptcy proceedings

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Archive: Last Bill Status - In Assembly Committee

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2013-A10186 (ACTIVE) - Details

Current Committee:
Assembly Judiciary
Law Section:
Debtor and Creditor Law
Laws Affected:
Amd ยง282, D & C L
Versions Introduced in Other Legislative Sessions:
2015-2016: A864
2017-2018: A4966

2013-A10186 (ACTIVE) - Summary

Relates to exempting certain rent regulated tenancies from an estate in bankruptcy proceedings.

2013-A10186 (ACTIVE) - Bill Text download pdf 

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

                                  10186

                          I N  A S S E M B L Y

                             August 25, 2014
                               ___________

Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Rosenthal)
  -- read once and referred to the Committee on Judiciary

AN ACT to amend the debtor and creditor law, in relation  to  bankruptcy
  exemptions for rent regulated tenancies

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

  Section 1. Section 282 of the debtor and creditor law  is  amended  by
adding a new subdivision 4 to read as follows:
  4.  BANKRUPTCY  EXEMPTION  FOR  RENT REGULATED TENANCIES. THE DEBTOR'S
INTEREST IN A RESIDENTIAL RENT REGULATED TENANCY, HELD AND  OCCUPIED  BY
THE  DEBTOR FOR A RENT REGULATED UNIT, REGULATED UNDER THE RENT STABILI-
ZATION  LAW  OF  NINETEEN  HUNDRED  SIXTY-NINE,  THE  EMERGENCY   TENANT
PROTECTION  ACT  OF  NINETEEN  SEVENTY-FOUR,  THE EMERGENCY HOUSING RENT
CONTROL LAW, THE LIMITED-PROFIT HOUSING COMPANIES ACT OR THE  CITY  RENT
AND REHABILITATION LAW.
  S  2.  This  act  shall take effect immediately and shall apply to the
satisfaction of judgments on or after such date.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15738-01-4

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