Statute · New York Real Property Law
N.Y. Real Prop. Law § 429 — Restrictions on claims against assurance fund
N.Y. Real Prop. Law § 429
- Type
- Statute
- Source
- New York Real Property Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Real Prop. Law § 429 — Restrictions on claims against assurance fund is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.