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NY S07434
Bill
Status
4/16/2025
Primary Sponsor
Brad Hoylman-Sigal
Click for details
AI Summary
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Creates a new lien right against real and personal property of commercial towing companies for victims of illegal or improper towing practices, with liens valid for amounts exceeding NYC's regulated towing and storage rate caps
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Requires written invoices signed by both the towing company and vehicle owner before any towing or repair services are performed, with invoices also required upon vehicle release showing amounts charged and paid
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Adds illegal or improper towing practices as grounds for attachment under civil practice law, allowing plaintiffs to secure defendant's property before final judgment
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Holds the ten largest shareholders of non-publicly traded corporations personally liable for judgments arising from illegal towing practices
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Extends personal liability to the ten members with the largest ownership interests in limited liability companies for illegal towing-related claims, overriding standard LLC liability protections
Legislative Description
Authorizes a lien against personal and real property of the owner of a commercial towing company for illegal and improper practices; creates personal liability for members of an LLC and certain corporate shareholders.
Last Action
COMMITTED TO RULES
6/13/2025