N.Y. General Business Law Section 899-III
Assignability

  • liens

1.

The contingent right to receive an amount of the potential proceeds of a legal claim is assignable by a consumer.

2.

Only attorney’s liens related to the legal claim which is the subject of the consumer litigation funding or medicare or other statutory liens related to the legal claim shall take priority over any lien of the consumer litigation funding company. All other liens shall take priority by normal operation of law. * NB Effective and Repealed June 17, 2026

Source: Section 899-III — Assignability; liens, https://www.­nysenate.­gov/legislation/laws/GBS/899-III (updated Feb. 20, 2026; accessed Feb. 28, 2026).

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Verified:
Feb. 28, 2026

Last modified:
Feb. 20, 2026

§ 899-III. Assignability's source at nysenate​.gov

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