N.Y. FIS Law § 1007
This is the official text of N.Y. FIS Law § 1007, part of New York’s FIS Law — part of the compiled statutory law of New York, published by the state as "FIS Law." Browse the sections below, each linked to its official government source.
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Assignability; liens
Official statutory text
§ 1007. Assignability; liens. (a) The contingent right to receive an\namount of the potential proceeds of a legal claim is assignable by a\nconsumer and/or litigation funding company.\n (b) Only attorney's liens related to the legal claim which is the\nsubject of the litigation funding contract or Medicare or other\nstatutory liens related to the legal claim shall take priority over any\nlien of the litigation funding company. All other liens shall take\npriority by normal operation of law.\n
Status: in_force · Read it on the official government site
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