New York § 1140 Parcels affected by bankruptcy proceedings

New York Statutes

§ 1140 — Parcels affected by bankruptcy proceedings

New York § 1140

Law RPTReal Property Tax

Title 3Foreclosure of Tax Lien By Proceeding In Rem

Art. 11Procedures For Enforcement of Collection of Delinquent Taxes

This text of New York § 1140 (Parcels affected by bankruptcy proceedings) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Real Property Tax § 1140 (2026).

Text

§ 1140. Parcels affected by bankruptcy proceedings.

1.Stay of\nenforcement proceeding. The commencement of a bankruptcy proceeding\npursuant to the bankruptcy code of 1978 (title eleven of the United\nStates code) shall stay a proceeding to enforce a delinquent tax lien,\nto the extent required by the bankruptcy code.\n 2. Notice to enforcing officer. Whenever an officer or employee of a\nmunicipal corporation receives an official notification of the\ncommencement of a bankruptcy proceeding affecting real property therein,\nsuch officer or employee shall forthwith forward the same, or a copy\nthereof, to the enforcing officer of the tax district which enforces\ntaxes on behalf of such municipal corporation.\n 3. Partial payments. Notwithstanding any law otherwise precluding the\naccep

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§ 1140. Parcels affected by bankruptcy proceedings. 1. Stay of\nenforcement proceeding. The commencement of a bankruptcy proceeding\npursuant to the bankruptcy code of 1978 (title eleven of the United\nStates code) shall stay a proceeding to enforce a delinquent tax lien,\nto the extent required by the bankruptcy code.\n 2. Notice to enforcing officer. Whenever an officer or employee of a\nmunicipal corporation receives an official notification of the\ncommencement of a bankruptcy proceeding affecting real property therein,\nsuch officer or employee shall forthwith forward the same, or a copy\nthereof, to the enforcing officer of the tax district which enforces\ntaxes on behalf of such municipal corporation.\n 3. Partial payments. Notwithstanding any law otherwise precluding the\nacceptance of partial payments of taxes, a partial payment may be\naccepted in relation to property which is the subject of a bankruptcy\nproceeding, provided that the payment is accompanied by satisfactory\nproof of the bankruptcy proceeding, such as a copy of an order or plan\nissued thereunder.\n 4. Cancellation and chargebacks. A tax district shall direct the\ncancellation of a delinquent tax lien to the extent such lien has been\nrendered permanently unenforceable as the result of a bankruptcy\nproceeding. The tax district shall not be required to credit or\notherwise guarantee to any municipal corporation a delinquent tax\nagainst a parcel to the extent the lien thereon has been cancelled\npursuant to this section. If such a credit or guarantee shall have been\ngiven before the cancellation of the lien, the tax district shall be\nentitled to charge back to each municipal corporation a proportionate\nshare of the cancelled lien.\n