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S02578 Summary:

BILL NOS02578
 
SAME ASNo Same As
 
SPONSORORTT
 
COSPNSRROLISON
 
MLTSPNSR
 
Amd §5205, CPLR
 
Permits the enforcement of a judgment against certain trust and annuities in the case of minor victims of sexual abuse.
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S02578 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          2578
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                    January 21, 2025
                                       ___________
 
        Introduced  by  Sen.  ORTT  --  read twice and ordered printed, and when
          printed to be committed to the Committee on Judiciary
 
        AN ACT to amend the civil practice law and rules,  in  relation  to  the
          enforcement  of  a judgment against certain retirement accounts in the
          case of minor victims of sexual abuse

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section 1. Paragraph 1 of subdivision (c) of section 5205 of the civil
     2  practice law and rules, as amended by chapter 93 of the laws of 1995, is
     3  amended and a new paragraph 6 is added to read as follows:
     4    1.  Except  as provided in paragraphs four [and], five and six of this
     5  subdivision, all property while held in trust  for  a  judgment  debtor,
     6  where  the  trust  has been created by, or the fund so held in trust has
     7  proceeded from, a person other than the judgment debtor, is exempt  from
     8  application to the satisfaction of a money judgment.
     9    6.  All  trust,  custodial  accounts,  annuities, insurance contracts,
    10  monies, assets, or interests described in paragraph two of this subdivi-
    11  sion shall be subject to the satisfaction of a  money  judgment  in  the
    12  case  of  a  civil claim or cause of action to recover from a defendant,
    13  for physical, psychological or other injury or condition suffered  by  a
    14  person as a result of acts by such defendant of rape in the first degree
    15  as  defined  in  section  130.35  of the penal law, or aggravated sexual
    16  abuse in the first degree as defined in section 130.70 of the penal law,
    17  or course of sexual conduct against a  child  in  the  first  degree  as
    18  defined in section 130.75 of the penal law, where the victim of any such
    19  offense was a minor at the time such offense was committed.
    20    § 2. This act shall take effect immediately.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06836-01-5
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