Legislation
SECTION 423
Licensing
General Business (GBS) CHAPTER 20, ARTICLE 27-A
§ 423. Licensing. 1. Each license issued under this article shall
state the address or addresses at which the business is to be conducted
and shall state fully the name of the licensee, and the date and place
of its incorporation and the expiration date of the license. A copy of
such license shall be prominently posted in each place of business of
the licensee. Such license shall not be transferable or assignable.
2. In the event the location at which the business is to be conducted
shall be changed, the licensee shall forthwith notify the secretary in
writing, who shall thereupon without charge attach to the license a
rider setting forth such changed location.
3. In the event that there shall be any change among the principals or
officers of any licensee, the licensee shall forthwith notify the
secretary in writing, of the name and address of each new principal or
officer, and shall submit a complete set of two fingerprint cards for
each such principal or officer in accordance with the provisions of
paragraph e of subdivision one of section four hundred twenty-one of
this article.
4. Prior to or upon the sale or transfer of all or the majority of the
stock or assets of any coin processor, the new principals or officers
shall apply for a new license with the department in accordance with the
provisions of section four hundred twenty-one and section four hundred
twenty-two of this article. Such application shall be made within sixty
days of such sale or transfer.
5. A license granted under the provisions of this article may be
renewed by the department upon application therefor by the licensee, in
such form as the department may prescribe, accompanied by the
non-refundable renewal processing fee pursuant to subdivision two of
section four hundred twenty-one of this article. In no event will
renewal be granted more than six months after the date of expiration of
a license. No person, firm, company, partnership or corporation shall
carry on any business subject to this article during any period which
may exist between the date of expiration of a license and the renewal
thereof.
state the address or addresses at which the business is to be conducted
and shall state fully the name of the licensee, and the date and place
of its incorporation and the expiration date of the license. A copy of
such license shall be prominently posted in each place of business of
the licensee. Such license shall not be transferable or assignable.
2. In the event the location at which the business is to be conducted
shall be changed, the licensee shall forthwith notify the secretary in
writing, who shall thereupon without charge attach to the license a
rider setting forth such changed location.
3. In the event that there shall be any change among the principals or
officers of any licensee, the licensee shall forthwith notify the
secretary in writing, of the name and address of each new principal or
officer, and shall submit a complete set of two fingerprint cards for
each such principal or officer in accordance with the provisions of
paragraph e of subdivision one of section four hundred twenty-one of
this article.
4. Prior to or upon the sale or transfer of all or the majority of the
stock or assets of any coin processor, the new principals or officers
shall apply for a new license with the department in accordance with the
provisions of section four hundred twenty-one and section four hundred
twenty-two of this article. Such application shall be made within sixty
days of such sale or transfer.
5. A license granted under the provisions of this article may be
renewed by the department upon application therefor by the licensee, in
such form as the department may prescribe, accompanied by the
non-refundable renewal processing fee pursuant to subdivision two of
section four hundred twenty-one of this article. In no event will
renewal be granted more than six months after the date of expiration of
a license. No person, firm, company, partnership or corporation shall
carry on any business subject to this article during any period which
may exist between the date of expiration of a license and the renewal
thereof.