Bill Text: NY A04966 | 2017-2018 | General Assembly | Introduced
Bill Title: Relates to exempting certain rent regulated tenancies from an estate in bankruptcy proceedings.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2018-01-03 - referred to judiciary [A04966 Detail]
Download: New_York-2017-A04966-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 4966 2017-2018 Regular Sessions IN ASSEMBLY February 6, 2017 ___________ Introduced by M. of A. ROSENTHAL -- read once and referred to the Committee on Judiciary AN ACT to amend the debtor and creditor law, in relation to bankruptcy exemptions for rent regulated tenancies The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 282 of the debtor and creditor law is amended by 2 adding a new subdivision 4 to read as follows: 3 4. Bankruptcy exemption for rent regulated tenancies. The debtor's 4 interest in a residential rent regulated tenancy, held and occupied by 5 the debtor for a rent regulated unit, regulated under the rent stabili- 6 zation law of nineteen hundred sixty-nine, the emergency tenant 7 protection act of nineteen seventy-four, the emergency housing rent 8 control law, the limited-profit housing companies act or the city rent 9 and rehabilitation law. 10 § 2. This act shall take effect immediately and shall apply to the 11 satisfaction of judgments on or after such date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05007-01-7
