2022 New York Laws
CAN - Cannabis
Article 6 - General Provisions
128 - Permits, Registrations and Licenses.

§ 128. Permits, registrations and licenses. 1. No permit, registration
or   license   shall   be   transferable   or   assignable  except  that
notwithstanding any other provision of law, the permit, registration  or
license  of  a  sole proprietor converting to corporate form, where such
proprietor becomes the sole stockholder and only officer and director of
such new corporation, may be transferred to the subject  corporation  if
all  requirements  of  this chapter remain the same with respect to such
permit,  registration  or  license  as  transferred  and,  further,  the
registered  organization or licensee shall transmit to the board, within
ten days of the transfer of license allowable under this subdivision, on
a form prescribed by the board, notification of  the  transfer  of  such
license.
  2. No permit, registration or license shall be pledged or deposited as
collateral  security  for  any loan or upon any other condition; and any
such pledge or deposit, and any contract providing  therefor,  shall  be
void.
  3. Permits, registrations and licenses issued under this chapter shall
contain,  in  addition  to  any  further  information  or material to be
prescribed by the rules and regulations  of  the  board,  the  following
information:
  (a) name of the person to whom the license is issued;
  (b)  type  of  license  and  what type of cannabis commerce is thereby
permitted;
  (c) description by  street  and  number,  or  otherwise,  of  licensed
premises; and
  (d)  a  statement in substance that such license shall not be deemed a
property or vested right, and  that  it  may  be  revoked  at  any  time
pursuant to law.