N.Y. Private Housing Finance Law 667 – Actions
§ 667. Actions. 1. Except in an action for wrongful death, in any case founded upon tort a notice of claim shall be required as a condition precedent to the commencement of an action or special proceeding against the corporation, any of its subsidiary corporations, or any officer, appointee or employee thereof, and the provisions of § 50-e of the general municipal law shall govern the giving of such notice. An action for wrongful death shall be commenced in accordance with the notice of claim and time limitation provisions of title eleven of Article 9 of the public authorities law. Any other action against the corporation, any of its subsidiary corporations, or any other officer, appointee or employee thereof for damages for injuries to real or personal property, or for the destruction thereof, or for personal injuries, alleged to have been sustained, shall not be commenced more than one year and ninety days after the cause of action therefor shall have accrued.
Terms Used In N.Y. Private Housing Finance Law 667
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Personal property: All property that is not real property.
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
- Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
2. Except as may otherwise be expressly provided by the corporation, the corporation shall not be liable for any debts, liabilities, obligations, agreements, contracts or covenants of any of its subsidiary corporations. No action or special proceeding of any kind may be brought against the corporation by any person having claims against or contracts with any of its subsidiary corporations (including any predecessor corporation of any of its subsidiary corporations) if the corporation was not a party to the matter giving rise to such claims or contracts.