N.Y. Real Property Law § 429
Restrictions on claims against assurance fund
New York · New York Real Property Law · Status: effective · Effective 2014-09-22
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- Citation
- N.Y. Real Property Law § 429, Restrictions on claims against assurance fund, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1127573
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Full text
§ 429. Restrictions on claims against assurance fund. No person
shall recover from the assurance fund, or the county or city general
fund after the assurance fund has been terminated pursuant to section
four hundred twenty-six of this article, any greater sum than the fair
market value of the property at the time the right to bring such action
first accrued. Any action or proceeding to recover damages out of the
assurance fund shall be commenced within six years from the time when
the right to begin the same accrued, and not afterward, and such time
shall not be extended because of any disability.