N.Y. CVP Law § 2501
This is the official text of N.Y. CVP Law § 2501, part of New York’s CVP Law — part of the compiled statutory law of New York, published by the state as "CVP Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Undertaking; definition
Official statutory text
§ 2501. Undertaking; definition. Undertaking includes\n 1. Any obligation, whether or not the principal is a party thereto,\nwhich contains a covenant by a surety to pay the required amount, as\nspecified therein, if any required condition, as specified therein or as\nprovided in subdivision (c) section 2502, is not fulfilled; and\n 2. any deposit, made subject to the required condition, of the\nrequired amount in legal tender of the United States or in face value of\nunregistered bonds of the United States or of the state.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.