Web13 Dec 2016 · All powers described in this section 5-1502A of the general obligations law shall be exercisable equally with respect to any estate or interest in land owned by the … Web24 Aug 2024 · Current through 2024 NY Law Chapter 1. Section 5-1401 - Choice of law. 1. The parties to any contract, agreement or undertaking, contingent or otherwise, in …

When You Choose New York Law - Have You Chosen New York …

Web13 Dec 2016 · All powers described in this section 5-1502D of the general obligations law shall be exercisable equally with respect to any banking transaction engaged in by the … WebUnder §5–1401, where parties to a commercial contract involving at least $250,000 stipulate New York law to govern their agreement, the parties’ choice must be enforced, regardless of whether the underlying transaction bears a reasonable relationship to New York State. 3 brian stojak

Legislation NY State Senate

Web16 Sep 2024 · As relevant, GOL § 5-1402 provides that a party may maintain an action in New York against a foreign defendant if the parties have entered into an agreement that: … WebWhere one of the parties is a foreign corporation or non-resident, Section 5-1402 allows parties to designate New York as the forum for resolving any disputes that arise out of … Web5-1401. Choice of law. 1. The parties to any contract, agreement or undertaking, contingent or otherwise, in consideration of, or relating to any obligation arising out of a transaction covering in the aggregate not less than two hundred fifty thousand dollars, including a transaction otherwise covered by subsection one of section 1-105 of the uniform … brian st jean