* § 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 All other liens shall\ntake priority by normal operation of law.\n * NB Effective and Repealed June 17, 2026\n
N.Y. Gen. Bus. Law § 899-iii
Assignability; liens
2026-02-20
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.