Bill Text: NY A01950 | 2021-2022 | General Assembly | Introduced

Bill Title: Relates to interest to be recovered upon a sum awarded in certain circumstances.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2021-01-13 - referred to codes [A01950 Detail]

Download: New_York-2021-A01950-Introduced.html

                STATE OF NEW YORK


                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    January 13, 2021

        Introduced  by  M. of A. CRUZ -- read once and referred to the Committee
          on Codes

        AN ACT to amend the civil practice law and rules, in relation to  inter-
          est to be recovered upon a sum awarded in certain circumstances

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subdivision (a) of section 5001 of the civil  practice  law
     2  and rules is amended to read as follows:
     3    (a)  Actions  in which recoverable. Interest shall be recovered upon a
     4  sum awarded because of a breach of performance of a contract, or because
     5  of an act or omission depriving or otherwise interfering with title  to,
     6  or  possession or enjoyment of, property, or for personal injury, except
     7  that in an action of an equitable nature, interest and the rate and date
     8  from which it shall be computed shall be in the court's discretion.
     9    § 2. This act shall take effect immediately.

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