A New York state court on Thursday overturned a fine of approximately $465 million imposed on US President Donald Trump in a civil fraud case.

The court's decision finding that Trump overstated his wealth in financial statements was one of the few legal cases that were not halted or dismissed as a result of his presidential victory.

The court was divided on several aspects of New York Judge Arthur Engoron's ruling in the case, but agreed to overturn the massive fine imposed on the president.

New York Attorney General Letitia James could continue to seek the fine by appealing the judges' ruling to the state's next highest court, the Court of Appeals.

Judge Engoron found Trump liable for financial fraud in 2023, and a jury later assessed the penalties the president and his business associates would need to pay.

The president was ultimately barred from conducting business in the state as an employee or director for three years, in addition to paying a $364 million fine, which accrued interest daily.

The total amount — including fines imposed on some other Trump Organization executives, including Trump's sons, Eric and Donald Jr. — now exceeds $527 million with interest.