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S05623 Summary:

BILL NOS05623
 
SAME ASSAME AS A05290
 
SPONSORKRUEGER
 
COSPNSRBRISPORT, CLEARE, RAMOS, SALAZAR
 
MLTSPNSR
 
Amd §489, add §489-a, Judy L
 
Relates to the purchase of claims by corporations or collection agencies; relates to the inference of an assignee's intent and purpose in taking an assignment of a claim against an obligor that is not an eligible obligor; provides that instruments governed by New York law calling for payment of a monetary obligation by a foreign state impose a duty on the holder to participate in a qualified restructuring of such instruments.
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