N.Y. AGM Law § 250-G
This is the official text of N.Y. AGM Law § 250-G, part of New York’s AGM Law — part of the compiled statutory law of New York, published by the state as "AGM Law." Browse the sections below, each linked to its official government source.
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Release of security by commissioner
Official statutory text
§ 250-g. Release of security by commissioner. If upon investigation by\nthe commissioner, the licensee is found to have fully paid all the\nproducers of farm products received or purchased by him or her, the\ncommissioner may cancel the license of such licensee upon request of the\nlicensee and release security deposited with a bank or trust company\npursuant to section two hundred fifty of this article, other than\ncontributions to the agricultural producers security fund. Such\ncontributions to the agricultural producers security fund shall not be\nconstrued to create a legal and equitable interest in such funds for any\nlicensee or producer.\n
Status: in_force · Read it on the official government site
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