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NY A10522
Bill
Status
6/1/2022
Primary Sponsor
Jeffrey Dinowitz
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AI Summary
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Amends the definition of "heirs property" in the Real Property Actions and Proceedings Law to require that property be used for residential or agricultural purposes.
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Adds a fourth requirement that at least one of four conditions must be met: 20% or more of interests held by related co-tenants, 20% or more held by someone who acquired title from a relative, 20% or more of co-tenants are relatives of each other, or a co-tenant who acquired title from a relative resides on the property.
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Maintains existing requirements that the property be held in tenancy in common with no binding partition agreement and that at least one co-tenant acquired title from a relative.
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Takes effect immediately and applies to all partition actions and proceedings pending on or after the effective date.
Legislative Description
Relates to the definition of heirs property for purposes of partition.
Last Action
substituted by s9230
6/3/2022