§ 337. Definitions. As used in this article: 1. The words “subdivided lands” and “subdivision” mean vacant land or lands sold or leased on the installment plan or offered for sale or lease on such plan and also vacant land or lands situated outside the state of New York and sold or leased or offered […]
§ 337-a. Provisions governing sale or lease of subdivided lands. No subdivider shall sell, lease, or offer for sale or lease to the public within this state, as principal, broker or agent or otherwise, subdivided vacant lands or any part thereof, unless and until such subdivider shall have caused to be filed in the department […]
§ 337-b. Offering statement; contents; prohibitions. 1. Contents. The offering statement shall contain (a) the names, addresses, business background of the subdivider, and if such subdivider is a partnership or corporation, the names, addresses and business background of each of the partners, officers and principal stockholders, the nature of their fiduciary relationship and their financial […]
§ 337-c. Right to cancel. Every contract or agreement for the sale or lease of subdivided lands shall expressly grant to the purchaser or lessee the absolute right to cancel the contract or agreement within seven days following the signing of the contract or agreement, by giving the subdivider notice of cancellation at the address […]
§ 338. Inspection power of department of state; unlawful practices; penalties. 1. The department of state may cause an investigation and an inspection to be made of any subdivision of vacant land proposed to be offered for sale or lease in this state pursuant to this article and may make a report of its findings […]
§ 339. Filing fees. Each filing made pursuant to section three hundred thirty-seven-a of subdivided lands situated outside the state of New York shall be accompanied by a filing fee of seven hundred fifty dollars plus an additional fee of ten dollars for each lot to be offered in excess of seventy-five lots.
§ 339-a. Rules and regulations. The department of state shall have the power to adopt from time to time or amend such rules and regulations as it may deem necessary to carry out the provisions of this article.
§ 339-b. Powers of department. The department of state may also require such other data and information as it may deem relevant and may make such special and independent investigations as it may deem necessary in connection with the administration of this article. The department of state by its examiner or other officer designated by […]
§ 339-c. Action by department of state. 1. Whenever the department of state shall believe from evidence satisfactory to it that a subdivider has engaged in, is engaged or is about to engage in any of the practices or transactions heretofore referred to as fraudulent practices, it may have an action brought in the manner […]
