N.Y. Executive Law § 160-hhhh: Owner requirements

§ 160-hhhh. Owner requirements. An appraisal management company

applying for a certificate of registration shall not be owned in whole

or in part, directly or indirectly, by a person who has had a license,

registration or certificate to act as a real estate appraiser denied,

revoked, or surrendered in lieu of pending discipline in any state or by

a person holding ten percent or more of the company where that person

has had a license, registration or certificate to act as a real estate

appraiser denied, revoked, or surrendered in lieu of possible discipline

in any state.