New York State Potentially Passes Bill Allowing Employees to Place a Lien on Employer’s Property
New York State Passes Bill Allowing Employees to Place a Lien on Employer’s Property - It is on Governor Cuomo's Desk.
"The New York State Assembly and Senate have passed a potentially groundbreaking act (S2844B/A486B) (the “Act”) that would allow current or former employees to obtain liens on their employer’s personal and real property based upon only the mere accusation of wage violations. And it arguably would allow those employees to obtain liens against individuals, including owners, managers and supervisors.
The Act, if passed, would give current and former employees priority in any bankruptcy proceeding involving the employer and, among other things, make it difficult for the employer to sell or transfer ownership of real estate."*
What would that mean for you and your company? Ask us.
It is on Governor Cuomo's Desk.
*Referenced and read more here: https://www.wagehourblog.com/2019/07/articles/flsa-coverage/new-york-state-passes-bill-allowing-employees-to-place-a-lien-on-employers-property-for-accusation-of-wage-violations/