A 345: Provides that limited liability for persons held jointly liable shall not apply to parties held liable for failing to provide reasonable security or failing to provide security required by federal, state or local law, rules or regulations.

  
  STATE OF NEW YORK ________________________________________________________________________ 345 2025-2026 Regular Sessions  IN ASSEMBLY (Prefiled) January 8, 2025 ___________ Introduced by M. of A. PAULIN, ROSENTHAL, COLTON, SEAWRIGHT -- read once and referred to the Committee on Judiciary AN ACT to amend the civil practice law and rules, in relation to limited liability of persons jointly liable The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 1602 of the civil practice law and rules is amended 2 by adding a new subdivision 15 to read as follows: 3 15. not apply to any person who owns, manages, and/or controls proper- 4 ty who is held liable for failing to provide security as required by 5 law, rule or regulation. 6 § 2. This act shall take effect immediately and shall apply to causes 7 of action commenced or pending on or after such date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00768-01-5