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Terms Used In N.Y. Workers Compensation Law 34

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.

Compensation shall be a lien against the assets of the carrier of employer without limit of amount subordinate, however, to claims for unpaid wages and prior recorded liens. The provisions of this section shall not apply to the state insurance fund with respect to those liabilities and obligations assumed by the state pursuant to section evidence of indebtedness upon reimbursement of reserves” class=”unlinked-ref” datatype=”S” sessionyear=”2019″ statecd=”NY” title=”Workers Compensation”>eighty-seven-d of this chapter or as the result of any insuring agreement between the state insurance fund and the department of civil service pursuant to section eighty-eight-c of this chapter. In such instances compensation shall be alien against the assets of the state as the employer.