NY S00880 | 2009-2010 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 21 2009 - 25% progression, died in chamber
Action: 2009-02-03 - RECOMMIT, ENACTING CLAUSE STRICKEN
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 21 2009 - 25% progression, died in chamber
Action: 2009-02-03 - RECOMMIT, ENACTING CLAUSE STRICKEN
Text: Latest bill text (Introduced) [HTML]
Summary
Prohibits the financing of a lawsuit for investment purposes, where the repayment of the financing is contingent upon success of the lawsuit; establishes that such financing shall be considered a loan and subject to the state usury laws.
Title
Prohibits the financing of a lawsuit for investment purposes, where the repayment of the financing is contingent upon success of the lawsuit; establishes that such financing shall be considered a loan and subject to the state usury laws.
Sponsors
| Sen. Carl Kruger [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-02-03 | RECOMMIT, ENACTING CLAUSE STRICKEN | |
| 2009-01-21 | REFERRED TO JUDICIARY |
