New York S07434 authorizes a lien against property of commercial towing companies for illegal practices and creates personal liability for certain.
New York S07434 amends the lien law to authorize a lien against personal and real property of commercial towing companies for illegal or improper practices. It also creates personal liability for the ten largest shareholders of non-publicly traded corporations and the ten members with the largest ownership interests in limited liability companies for claims due to illegal towing practices. The bill specifies procedures for filing and enforcing liens and requires commercial towing companies to provide written invoices for services.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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