§ 6618. Suits to recover assessments. (a) An assessment corporation\nmay maintain a civil action against any member or former member of such\ncorporation for the unpaid amount of any extraordinary or post\nassessment lawfully levied against him, or against any former member of\nsuch corporation for the earned portion of any advance assessment which\nhe has failed to pay.\n (b) In any such action the corporation may recover, in addition to\nsuch sum or sums, legal interest thereon and the amount of any penalty\nimposed by such corporation's by-laws for failure to pay such\nassessments; but no such corporation shall provide in its by-laws for\nsuch a penalty in excess of fifty percent of such an assessment.\n
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.