New York § 5216 - 5216Assignments of judgments to corporation
Full text of New York New York Consolidated Laws § 5216 — 5216Assignments of judgments to corporation, with citation guidance and answers to common questions.
§ 5216. 5216Assignments of judgments to corporation
§ 5216. Assignments of judgments to corporation. (a) The corporation shall not pay any sum, in compliance with an order made for that purpose, if the claim is founded upon a judgment, except a judgment obtained against the corporation under this article, until the petitioner assigns the judgment to the corporation. (b) After assignment the corporation shall be entitled to enforce the judgment for the full amount with interest and costs. Money collected on the judgment in excess of all amounts paid by the corporation shall be paid to the judgment creditor.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 5216
What does New York Consolidated Laws § 5216 cover?
Section 5216 ("5216Assignments of judgments to corporation") 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 § 5216?
A common citation format is "New York Consolidated Laws § 5216" (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 § 5216 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.