2013 New York Consolidated Laws
GBS - General Business
Article 27-A - (418 - 429) LICENSING OF COIN PROCESSORS
423 - Licensing.

 
    §  423. Licensing.  1.  Each  license  issued under this article shall
  state the address or addresses at which the business is to be  conducted
  and  shall  state fully the name of the licensee, and the date and place
  of its incorporation and the expiration date of the license. A  copy  of
  such  license  shall  be prominently posted in each place of business of
  the licensee. Such license shall not be transferable or assignable.
    2. In the event the location at which the business is to be  conducted
  shall  be  changed, the licensee shall forthwith notify the secretary in
  writing, who shall thereupon without charge  attach  to  the  license  a
  rider setting forth such changed location.
    3. In the event that there shall be any change among the principals or
  officers  of  any  licensee,  the  licensee  shall  forthwith notify the
  secretary in writing, of the name and address of each new  principal  or
  officer,  and  shall  submit a complete set of two fingerprint cards for
  each such principal or officer in  accordance  with  the  provisions  of
  paragraph  e  of  subdivision  one of section four hundred twenty-one of
  this article.
    4. Prior to or upon the sale or transfer of all or the majority of the
  stock or assets of any coin processor, the new  principals  or  officers
  shall apply for a new license with the department in accordance with the
  provisions  of  section four hundred twenty-one and section four hundred
  twenty-two of this article. Such application shall be made within  sixty
  days of such sale or transfer.
    5. A  license  granted  under  the  provisions  of this article may be
  renewed by the department upon application therefor by the licensee,  in
  such   form   as  the  department  may  prescribe,  accompanied  by  the
  non-refundable renewal processing fee pursuant  to  subdivision  two  of
  section  four  hundred  twenty-one  of  this  article.  In no event will
  renewal be granted more than six months after the date of expiration  of
  a  license.  No  person, firm, company, partnership or corporation shall
  carry on any business subject to this article during  any  period  which
  may  exist  between  the date of expiration of a license and the renewal
  thereof.