New York S 3160: Provides that limited liability for persons held jointly liable shall not apply to parties held liable for failing to provide reasonable security

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S03160 Summary:

BILL NOS03160 

&nbsp

SAME ASSAME AS A00345

&nbsp

SPONSORHOYLMAN-SIGAL

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §1602, CPLR

&nbsp

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.

Go to top S03160 Actions:

BILL NOS03160 

&nbsp

01/24/2025REFERRED TO JUDICIARY

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Go to topS03160 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3160

 2025-2026 Regular Sessions

 IN SENATE

 January 24, 2025
 ___________

 Introduced by Sen. HOYLMAN-SIGAL -- 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 15 to read as follows:
 3 15. not apply to any person who owns, manages, and/or controls proper-
 4 ty who is held liable for failing to provide security as required by
 5 law, rule or regulation.
 6 § 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.
 LBD00768-01-5

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