New York § 5048 Assignment of periodic installments

New York Statutes

§ 5048 — Assignment of periodic installments

New York·Law CVP Civil Practice Law & Rules·Art. 50-B Periodic Payment of Judgments In Personal Injury, Injury to Property and Wrongful Death Actions

§ 5048. Assignment of periodic installments. An assignment of or an\nagreement to assign any right to periodic installments for future\ndamages contained in a judgment entered under this article is\nenforceable only as to amounts:

(a)to secure payment of alimony,\nmaintenance, or child support;

(b)for the cost of products, services,\nor accommodations provided or to be provided by the assignee for\nmedical, dental or other health care; or (c) for attorney's fees and\nother expenses of litigation incurred in securing the judgment.\n

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§ 5048. Assignment of periodic installments. An assignment of or an\nagreement to assign any right to periodic installments for future\ndamages contained in a judgment entered under this article is\nenforceable only as to amounts: (a) to secure payment of alimony,\nmaintenance, or child support; (b) for the cost of products, services,\nor accommodations provided or to be provided by the assignee for\nmedical, dental or other health care; or (c) for attorney's fees and\nother expenses of litigation incurred in securing the judgment.\n

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