2012 New York Consolidated Laws
RPP - Real Property
Article 9-A - (337 - 339-C) SUBDIVIDED LANDS
337 - Definitions.

 
    §  337. Definitions. As used in this article: 1. The words "subdivided
  lands" and "subdivision" mean vacant land or lands sold or leased on the
  installment plan or offered for sale or lease  on  such  plan  and  also
  vacant  land or lands situated outside the state of New York and sold or
  leased or offered for sale or lease on the installment plan or upon  any
  and all other plans, terms and conditions of sale or lease.
    2.  The  word  "subdivider"  shall  include every person, partnership,
  corporation, company or association who or  which  engages  directly  or
  through  an  agent  in  the business of selling, leasing or offering for
  sale or lease subdivided lands and subdivisions to the  public  in  this
  state.
    3.  The  words  "installment  plan"  mean  any  plan,  arrangement  or
  agreement pursuant to the terms, covenants and  conditions  whereof  the
  proposed  purchaser of vacant land or lands to be acquired amortizes the
  purchase price by periodic payments and whereby the conveyance of  title
  to  the  purchaser  of  such vacant land or lands is deferred until such
  time as all said periodic payments have been made and shall also include
  the provision in a plan, arrangement or agreement or lease  requiring  a
  consideration  from the lessee in addition to the periodic payments as a
  condition precedent to the conveyance of title to the lessee.
    4. The words "a lease of land or lands on the installment  plan"  mean
  and  include  a  plan,  arrangement or agreement whereunder the periodic
  payments made are designated as rent and upon  the  completion  of  such
  payments  the  lessee is entitled to a conveyance of title to the vacant
  land or lands leased.
    5. The words "fraudulent practice" or "fraudulent practices" mean  any
  device, scheme or artifice employed by a subdivider to defraud or obtain
  money  or  property  by  means  of any false pretense, representation or
  promise, or that a subdivider makes or attempts to  make  fictitious  or
  pretended  purchases,  sales  or  leases  of vacant land or lands to the
  public in this state, or engages  in  or  is  about  to  engage  in  any
  practice  or transaction or course of business relating to the purchase,
  sale or lease of  vacant  land  or  lands  which  is  fraudulent  or  in
  violation  of  law  and  which  has operated or which would operate as a
  fraud  upon  the  purchaser,  or  that  any  owner  or   subdivider   as
  hereinbefore  defined  has  sold or offered for sale or is attempting to
  sell or is offering for sale any vacant land or lands  in  violation  of
  the provisions of this article.