Provides that where summary judgment is denied to a plaintiff, which denial is thereafter reversed on appeal and granted in favor of such plaintiff, any money judgment entered in favor of the plaintiff thereafter shall bear interest from the date of entry of the prior denial of such motion for summary judgment as if summary judgment had in fact been granted to such plaintiff in the first instance.
STATE OF NEW YORK
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6639
2019-2020 Regular Sessions
IN SENATE
July 29, 2019
___________
Introduced by Sen. HOYLMAN -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules
AN ACT to amend the civil practice law and rules, in relation to inter-
est upon judgment
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 5003 of the civil practice law and rules is amended
2 to read as follows:
3 § 5003. Interest upon judgment. Every money judgment shall bear
4 interest from the date of its entry; provided that where summary judg-
5 ment is denied to a plaintiff, which denial is thereafter reversed on
6 appeal and granted in favor of such plaintiff, any money judgment
7 entered in favor of the plaintiff thereafter shall bear interest from
8 the date of entry of the prior denial of such motion for summary judg-
9 ment as if summary judgment had in fact been granted to such plaintiff
10 in the first instance. Every order directing the payment of money which
11 has been docketed as a judgment shall bear interest from the date of
12 such docketing.
13 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13429-01-9