N.Y. GBS Law § 422
This is the official text of N.Y. GBS Law § 422, 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.
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.
Conditions precedent to licensing
Official statutory text
§ 422. Conditions precedent to licensing. Upon filing of an\napplication for a license, if the secretary shall be satisfied of the\ngood character, competency and integrity of the applicant, and of the\nprincipals and officers thereof are such as to comply with the\nprovisions of this article, he or she shall thereupon issue a license in\nduplicate to operate as a coin processor in accordance with the\nprovisions of this article. The secretary shall transmit one copy of\nsuch license to the licensee and file another in the office of the\ndepartment. Such license shall remain in full force and effect for a\nperiod of two years unless it is surrendered by the licensee or revoked\nor suspended as hereinafter provided; if the secretary shall not so\nfind, the secretary shall not issue such license and the secretary shall\nnotify the applicant of the denial in writing. The secretary shall\napprove or deny every application for license hereunder within ninety\ndays from the filing thereof.\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.