2013 New York Consolidated Laws
GBS - General Business
Article 27-A - (418 - 429) LICENSING OF COIN PROCESSORS
422 - Conditions precedent to licensing.

 
    §   422. Conditions   precedent   to  licensing.  Upon  filing  of  an
  application for a license, if the secretary shall be  satisfied  of  the
  good  character,  competency  and integrity of the applicant, and of the
  principals  and  officers  thereof  are  such  as  to  comply  with  the
  provisions of this article, he or she shall thereupon issue a license in
  duplicate  to  operate  as  a  coin  processor  in  accordance  with the
  provisions of this article. The secretary shall  transmit  one  copy  of
  such  license  to  the  licensee  and  file another in the office of the
  department. Such license shall remain in full force  and  effect  for  a
  period  of two years unless it is surrendered by the licensee or revoked
  or suspended as hereinafter provided; if  the  secretary  shall  not  so
  find, the secretary shall not issue such license and the secretary shall
  notify  the  applicant  of  the  denial  in writing. The secretary shall
  approve or deny every application for license  hereunder  within  ninety
  days from the filing thereof.