Senate Bill S8560

2021-2022 Legislative Session

Requires class action compromise or settlement payments to be available to class members as a direct deposit into a bank account of a class member

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Judiciary 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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2021-S8560 (ACTIVE) - Details

Current Committee:
Senate Judiciary
Law Section:
Civil Practice Law and Rules
Laws Affected:
Add §910, CPLR
Versions Introduced in 2023-2024 Legislative Session:
S5032

2021-S8560 (ACTIVE) - Summary

Requires class action compromise or settlement payments to be available to class members as a direct deposit into a bank account of a class member.

2021-S8560 (ACTIVE) - Sponsor Memo

2021-S8560 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8560
 
                             I N  S E N A T E
 
                              March 14, 2022
                                ___________
 
 Introduced  by Sen. BRISPORT -- read twice and ordered printed, and when
   printed to be committed to the Committee on Judiciary
 
 AN ACT to amend the civil practice law and rules, in relation to payment
   to class members for class action settlements
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.    The civil practice law and rules is amended by adding a
 new section 910 to read as follows:
   § 910. PAYMENTS TO CLASS  MEMBERS.  ANY  CLASS  ACTION  COMPROMISE  OR
 SETTLEMENT  THAT  HAS  A  MONETARY COMPONENT TO BE PAID TO CLASS MEMBERS
 SHALL INCLUDE AN OPTION FOR SUCH CLASS MEMBERS TO  BE  PAID  ANY  MONIES
 OWED BY DEPOSIT DIRECTLY INTO A BANK ACCOUNT OF SUCH CLASS MEMBER.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14965-01-2



              

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