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Assembly Bill A7605

2019-2020 Legislative Session

Relates to commissions for receivers of rents and profits

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Archive: Last Bill Status - In Senate Committee Judiciary Committee

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2019-A7605 (ACTIVE) - Details

Current Committee:
Senate Judiciary
Law Section:
Civil Practice Law and Rules
Laws Affected:
Amd §8004, CPLR

2019-A7605 (ACTIVE) - Summary

Relates to commissions for receivers of rents and profits; provides that generally receivers are entitled to such commissions as the court by which the receiver is appointed allows.

2019-A7605 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7605
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 13, 2019
                                ___________
 
 Introduced by M. of A. BRAUNSTEIN, DINOWITZ -- (at request of the Office
   of Court Administration) -- read once and referred to the Committee on
   Judiciary
 
 AN ACT to amend the civil practice law and rules, in relation to commis-
   sions for receivers of rents and profits

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision (a) of section 8004 of the civil  practice  law
 and rules is amended to read as follows:
   (a)  Generally. A receiver, except where otherwise prescribed by stat-
 ute, is entitled to such commissions[, not exceeding five per cent  upon
 the  sums received and disbursed by him,] as the court by which [he] THE
 RECEIVER is appointed allows[, but if in any case  the  commissions,  so
 computed, do not amount to one hundred dollars, the court, may allow the
 receiver  such  a  sum,  not  exceeding one hundred dollars, as shall be
 commensurate with the services he rendered].
   § 2. This act shall take effect immediately and  shall  apply  to  all
 actions pending on or after such effective date.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10168-01-9

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