New York § 20 - 20Assessments, penalties and forfeitures entitled to priority
Full text of New York New York Consolidated Laws § 20 — 20Assessments, penalties and forfeitures entitled to priority, with citation guidance and answers to common questions.
§ 20. 20Assessments, penalties and forfeitures entitled to priority
§ 20. Assessments, penalties and forfeitures entitled to priority. In case of the insolvency or voluntary or involuntary liquidation of any person or entity licensed, registered, or incorporated or otherwise formed pursuant to this chapter, all unpaid charges lawfully assessed against such person or entity by the superintendent and all unpaid penalties and forfeitures incurred by such person or entity under any section of this chapter shall be entitled to priority of payment from such person's or entity's assets on an equality with any other priority given by this chapter.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 20
What does New York Consolidated Laws § 20 cover?
Section 20 ("20Assessments, penalties and forfeitures entitled to priority") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 20?
A common citation format is "New York Consolidated Laws § 20" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 20 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.