Statute · New York Penal Law
N.Y. Penal Law § 176.50 — Life settlement fraud in the fourth degree
N.Y. Penal Law § 176.50
- Type
- Statute
- Source
- New York Penal Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 176.50 Life settlement fraud in the fourth degree.
Citator
N.Y. Penal Law § 176.50 — Life settlement fraud in the fourth degree is in force in the current edition of the Code, and nothing recorded condemns it.
§ 176.50 Life settlement fraud in the fourth degree.
A person is guilty of life settlement fraud in the fourth degree when he or she commits a fraudulent life settlement act and thereby wrongfully takes, obtains or withholds, or attempts to wrongfully take, obtain or withhold property with a value in excess of twenty-five thousand dollars.
Life settlement fraud in the fourth degree is a class E felony.