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S00473 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                           473
 
                               2021-2022 Regular Sessions
 
                    IN SENATE
 
                                       (Prefiled)
 
                                     January 6, 2021
                                       ___________
 
        Introduced  by  Sen. HOYLMAN -- 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  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.
                                                                   LBD02573-01-1
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