Statute · New York Civil Practice Law & Rules
N.Y. C.P.L.R. 5042 — Form of security
N.Y. C.P.L.R. 5042
- Type
- Statute
- Source
- New York Civil Practice Law & Rules
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. C.P.L.R. 5042 — Form of security is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.