N.Y. LIE Law § 202-B
This is the official text of N.Y. LIE Law § 202-B, part of New York’s LIE Law — part of the compiled statutory law of New York, published by the state as "LIE Law." Browse the sections below, each linked to its official government source.
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Pledgee may buy at public sale
Official statutory text
§ 202-b. Pledgee may buy at public sale. Unless the pledge agreement\notherwise provides, in all cases where a pledgee may lawfully sell\npledged property and the property is sold at public sale, the pledgee,\nor his assignee or the legal representative of either, may fairly and in\ngood faith purchase the pledged property or any part thereof at the\nsale. This section does not apply to a sale of property pawned or\npledged with a collateral loan broker.\n
Status: in_force · Read it on the official government site
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