Source: https://ecode360.com/12051283
Timestamp: 2018-06-23 21:58:00
Document Index: 721402932

Matched Legal Cases: ['§ 24', '§ 24', '§ 24', '§ 22', '§ 331', '§ 22']

Town of Fallsburg, NY Insurance Proceeds
§ 24-1 Lien on insurance proceeds.
§ 24-2 Release or return of fire insurance proceeds.
§ 24-3 Construction of chapter with other laws.
Chapter 24: Insurance Proceeds
[HISTORY: Adopted by the Town Board of the Town of Fallsburg by L.L. No. 2-1980 (Ch. 136 of the 1971 Code). Amendments noted where applicable.]
Chapter 24 : Insurance Proceeds
Resolution to establish. Pursuant to § 22 of the General Municipal Law, the Town Board may adopt a resolution authorizing the Tax Collector to cause a notice of intention to claim against the proceeds of a policy of fire insurance insuring the interest of the owner and issued on real property located in the Town to the extent of any lien for an unpaid tax, special ad valorem levy, special assessment or other charge imposed upon real property by or on behalf of the Town or special district which is an encumbrance on real property as provided in said section.
Filing of notice of intention. Upon the adoption of such resolution, the Tax Collector shall cause a notice of intention to claim against proceeds to be served upon the State Superintendent of Insurance for entry in the index of tax districts maintained by him as provided in § 331 of the Insurance Law.[1]
Rendering certificate to insurer. Thereafter, the Tax Collector shall render to any insurer the certificate required and in the manner prescribed by such section and the amounts stated in such certificate shall be a lien on the proceeds of the insurance policy until paid.
Fire insurance proceeds subject to the lien of the Town upon premises damaged by fire when such premises are encumbered by unpaid taxes or assessments as provided in § 22 of the General Municipal Law may be released to the insured provided that such insured agrees, in a manner directed by the Town Board of the Town of Fallsburg, to restore the affected premises to the same or improved condition that it was in prior to the time the right to such lien arose subject to such conditions as the resolution establishing the lien shall provide to guarantee performance of such obligation.
The provisions of this chapter shall not be deemed or construed to alter or impair the right of the Town to acquire or enforce any lien against real property but shall be in addition to any other power provided by law to acquire or enforce such right.