Bill Text: NY S05032 | 2023-2024 | General Assembly | Introduced

---

Bill Title: Requires class action compromise or settlement payments to be available to class members as a direct deposit into a bank account of a class member.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - REFERRED TO JUDICIARY [S05032 Detail]

Download: New_York-2023-S05032-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          5032

                               2023-2024 Regular Sessions

                    IN SENATE

                                    February 22, 2023
                                       ___________

        Introduced  by Sen. BRISPORT -- 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 payment
          to class members for class action settlements

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

     1    Section  1.    The civil practice law and rules is amended by adding a
     2  new section 910 to read as follows:
     3    § 910. Payments to class  members.  Any  class  action  compromise  or
     4  settlement  that  has  a  monetary component to be paid to class members
     5  shall include an option for such class members to  be  paid  any  monies
     6  owed by deposit directly into a bank account of such class member.
     7    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07703-01-3