Assembly Bill A11353

2017-2018 Legislative Session

Relates to requiring independent consideration in settlement agreements

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2017-A11353 (ACTIVE) - Details

Current Committee:
Assembly Judiciary
Law Section:
General Obligations Law
Laws Affected:
Add §5-1117, Gen Ob L
Versions Introduced in Other Legislative Sessions:
2019-2020: A849
2021-2022: A5580
2023-2024: A581

2017-A11353 (ACTIVE) - Summary

Requires independent consideration for each confidentiality provision in a settlement agreement.

2017-A11353 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   11353
 
                           I N  A S S E M B L Y
 
                            September 19, 2018
                                ___________
 
 Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Simotas) --
   read once and referred to the Committee on Judiciary
 
 AN ACT to amend the general obligations law, in relation to  independent
   consideration required for certain provisions in settlement agreements
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The general obligations law is  amended  by  adding  a  new
 section 5-1117 to read as follows:
   §  5-1117.  INDEPENDENT  CONSIDERATION  REQUIRED FOR SETTLEMENT AGREE-
 MENTS. INDEPENDENT CONSIDERATION SHALL BE REQUIRED  FOR  EACH  CONFIDEN-
 TIALITY  PROVISION  INCLUDED IN A SETTLEMENT AGREEMENT. FOR THE PURPOSES
 OF THIS SECTION, "INDEPENDENT CONSIDERATION"  SHALL  MEAN  SOMETHING  OF
 VALUE, EITHER A PROMISE, AN ACT OR AN OBJECT THAT IS OFFERED IN EXCHANGE
 FOR EACH CONFIDENTIALITY PROVISION.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13925-01-7

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.