Legislation

Search OpenLegislation Statutes

previous
  • SECTION 899-HHH
    Violations
    • up
  • ARTICLE 39-H
    Third Party Litigation Financing
    • next
  • SECTION 899-JJJ
    Effect of communication on privileges
    • This entry was published on 2025-12-26
    NOTE: The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.

    SECTION 899-III

    Assignability; liens

    General Business (GBS) CHAPTER 20, ARTICLE 39-H

    * § 899-iii. Assignability; liens. 1. The contingent right to receive
    an amount of the potential proceeds of a legal claim is assignable by a
    consumer.

    2. Only attorney's liens related to the legal claim which is the
    subject of the consumer litigation funding or medicare or other
    statutory liens related to the legal claim shall take priority over any
    lien of the consumer litigation funding company. All other liens shall
    take priority by normal operation of law.

    * NB Effective June 17, 2026