2019 New York Laws
GBS - General Business
Article 29-F - Going Out of Business Sales
590 - Duration of Sale; License Fee.

Universal Citation: NY Gen Bus L § 590 (2019)
§  590. Duration of sale; license fee. (a) A license to conduct a sale
issued pursuant to this article shall be good for no more than a  period
of  thirty  consecutive  calendar  days  and  may  be  renewed  for  one
consecutive period not exceeding thirty consecutive calendar  days  upon
the  affidavit  of  the  applicant that the goods, wares and merchandise
listed in the inventory have not been disposed of and that no new goods,
wares and merchandise have been  or  will  be  added  to  the  inventory
previously  filed  pursuant to this article by purchase, acquisition, on
consignment or otherwise. The application for renewal shall be made  not
more  than  ten  days prior to the date of the expiration of the license
and shall contain an inventory  of  the  goods,  wares  and  merchandise
remaining on hand at the time the application for renewal is made, which
inventory shall be prepared and furnished in the same manner and form as
the  original  inventory.    The  licensing authority of the appropriate
city, town or village in which  such  sale  is  to  be  conducted  shall
receive  from  the  applicant  for  such  license, upon the filing of an
application therefor, a fee  of  five  hundred  dollars,  and  upon  the
renewal  thereof,  a  fee  of  fifty dollars. The applicant shall not be
entitled to a refund of the fee paid if said application is revoked.

(b) Any person desiring to conduct any sale defined in subdivision (a) of section five hundred eighty-one of this article shall place the fees prescribed in subdivision (a) of this section with the licensing authority, all except seventy-five dollars of which shall be returned to such person provided the store is closed within sixty days of the receipt of such a license. In the event that the person going out of business and which is holding the closing out sale does not close his doors within sixty days of the receipt of such a license, the applicant shall not be entitled to a refund of such fees.

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