N.Y. CPLR 5042

Current through 2024 NY Law Chapters 1-49, 52, and 61-117
Section 5042 - Form of security

Security authorized or required for payment of a judgment for periodic installments entered in accordance with this article must be in the form of an annuity contract, executed by a qualified insurer and approved by the superintendent of financial services pursuant to section five thousand forty-nine of this article, and approved by the court.

N.Y. CPLR 5042