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NY A07425
Bill
Status
9/9/2022
Primary Sponsor
Peter Abbate
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AI Summary
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Amends the Estates, Powers and Trusts Law to create an alternative to compromise proceedings for September 11th Victim Compensation Fund awards consisting solely of non-economic losses.
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Allows a personal representative to file a consent to adequacy of the award signed by all interested parties instead of pursuing a formal compromise proceeding.
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Includes funeral expense reimbursement as a non-economic loss for purposes of this provision.
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Applies to awards from the September 11th Victim Compensation Fund established under Public Law 107-42.
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Takes effect immediately upon enactment.
Legislative Description
Provides that in the case of recovery of an award from the September 11th victim compensation fund consisting solely of non-economic losses, a personal representative may file a consent to the adequacy of the award by all interested parties in lieu of a compromise proceeding.
Last Action
signed chap.557
9/9/2022