New York § 899-III Assignability; liens

New York Statutes

§ 899-III — Assignability; liens

New York·Law GBS General Business·Art. 39-H Third Party Litigation Financing

* § 899-iii. Assignability; liens.

1.The contingent right to receive\nan amount of the potential proceeds of a legal claim is assignable by a\nconsumer.\n 2. Only attorney's liens related to the legal claim which is the\nsubject of the consumer litigation funding or medicare or other\nstatutory liens related to the legal claim shall take priority over any\nlien of the consumer litigation funding company. All other liens shall\ntake priority by normal operation of law.\n * NB Effective June 17, 2026\n

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* § 899-iii. Assignability; liens. 1. The contingent right to receive\nan amount of the potential proceeds of a legal claim is assignable by a\nconsumer.\n 2. Only attorney's liens related to the legal claim which is the\nsubject of the consumer litigation funding or medicare or other\nstatutory liens related to the legal claim shall take priority over any\nlien of the consumer litigation funding company. All other liens shall\ntake priority by normal operation of law.\n * NB Effective June 17, 2026\n

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