New York Consolidated Laws, Insurance Law - ISC § 5216. Assignments of judgments to corporation
Search New York Codes
Search by Keyword or Citation
(a) The corporation shall not pay any sum, in compliance with an order made for that purpose, if the claim is founded upon a judgment, except a judgment obtained against the corporation under this article, until the petitioner assigns the judgment to the corporation.
(b) After assignment the corporation shall be entitled to enforce the judgment for the full amount with interest and costs. Money collected on the judgment in excess of all amounts paid by the corporation shall be paid to the judgment creditor.
Cite this article: FindLaw.com - New York Consolidated Laws, Insurance Law - ISC § 5216. Assignments of judgments to corporation - last updated January 01, 2021 | https://codes.findlaw.com/ny/insurance-law/isc-sect-5216/
Was this helpful?