N.Y. GBS Law § 351-B

This is the official text of N.Y. GBS Law § 351-B, part of New York’s GBS Law — part of the compiled statutory law of New York, published by the state as "GBS Law." Browse the sections below, each linked to its official government source.

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Written statement to be furnished; presumption

Official statutory text

§ 351-b. Written statement to be furnished; presumption. Every person,\nfirm, association, copartnership or corporation shall furnish upon\nwritten demand to any customer, or principal for whom such person has\nexecuted an order for the actual purchase or sale of any such securities\nor commodities, either for immediate or future delivery, a written\nstatement containing the names of the persons from whom such property\nwas bought, or to whom it has been sold, as the case may be, the time\nwhen, place where, the amount of and the price at which the same was\neither bought or sold; and if such person, firm, association,\ncopartnership or corporation shall refuse or neglect to furnish such\nstatement within forty-eight hours after such demand, such refusal shall\nbe prima facie evidence that such purchase or sale was made in violation\nof this article.\n

Status: in_force · Read it on the official government site

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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.