New York S03160 amends the civil practice law to exclude limited liability for those held liable for failing to provide required security.

New York S03160 amends Section 1602 of the civil practice law and rules by adding a new subdivision. This change ensures that limited liability does not apply to any person who owns, manages, or controls property and is held liable for failing to provide security as required by federal, state, or local law, rules, or regulations. The amendment takes effect immediately and applies to causes of action commenced or pending on or after the effective date.

New York S03160 amends the civil practice law to exclude limited liability for those held liable for failing to provide required security.

New York S03160 amends Section 1602 of the civil practice law and rules by adding a new subdivision. This change ensures that limited liability does not apply to any person who owns, manages, or controls property and is held liable for failing to provide security as required by federal, state, or local law, rules, or regulations. The amendment takes effect immediately and applies to causes of action commenced or pending on or after the effective date.