N.Y. General Business Law Section 1423
Loss of equity

The loss of value of equity shall not count as damage to or loss of property for the purposes of this article. * NB Effective January 1, 2027

Source: Section 1423 — Loss of equity, https://www.­nysenate.­gov/legislation/laws/GBS/1423 (updated Apr. 3, 2026; accessed Aug. 8, 2026).

Green check means up to date. Up to date

Verified:
Aug. 8, 2026

Last modified:
Apr. 3, 2026

§ 1423. Loss of equity's source at nysenate​.gov

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