Bill Text: NY S01264 | 2015-2016 | General Assembly | Introduced

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Bill Title: Provides that limited liability for persons held jointly liable shall not apply to parties held liable for failing to provide reasonable security or failing to provide security required by federal, state or local law, rules or regulations.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-01-06 - REFERRED TO JUDICIARY [S01264 Detail]

Download: New_York-2015-S01264-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1264
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                    January 9, 2015
                                      ___________
       Introduced  by  Sen. PERALTA -- 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 limited
         liability of persons jointly liable
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 1602 of the civil practice law and rules is amended
    2  by adding a new subdivision 14 to read as follows:
    3    14. NOT APPLY TO ANY PERSON WHO OWNS, MANAGES, AND/OR CONTROLS PROPER-
    4  TY  WHO  IS FOUND TO HAVE FAILED TO PROVIDE SECURITY AS REQUIRED BY LAW,
    5  RULE OR REGULATION.
    6    S 2. This act shall take effect immediately and shall apply to  causes
    7  of action commenced or pending on or after such date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00362-01-5