N.Y. ISC Law § 6618
This is the official text of N.Y. ISC Law § 6618, part of New York’s ISC Law — part of the compiled statutory law of New York, published by the state as "ISC Law." Browse the sections below, each linked to its official government source.
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Suits to recover assessments
Official statutory text
§ 6618. Suits to recover assessments. (a) An assessment corporation\nmay maintain a civil action against any member or former member of such\ncorporation for the unpaid amount of any extraordinary or post\nassessment lawfully levied against him, or against any former member of\nsuch corporation for the earned portion of any advance assessment which\nhe has failed to pay.\n (b) In any such action the corporation may recover, in addition to\nsuch sum or sums, legal interest thereon and the amount of any penalty\nimposed by such corporation's by-laws for failure to pay such\nassessments; but no such corporation shall provide in its by-laws for\nsuch a penalty in excess of fifty percent of such an assessment.\n
Status: in_force · Read it on the official government site
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