N.Y. General Business Law § 422: Conditions precedent to licensing

§ 422. Conditions precedent to licensing. Upon filing of an

application for a license, if the secretary shall be satisfied of the

good character, competency and integrity of the applicant, and of the

principals and officers thereof are such as to comply with the

provisions of this article, he or she shall thereupon issue a license in

duplicate to operate as a coin processor in accordance with the

provisions of this article. The secretary shall transmit one copy of

such license to the licensee and file another in the office of the

department. Such license shall remain in full force and effect for a

period of two years unless it is surrendered by the licensee or revoked

or suspended as hereinafter provided; if the secretary shall not so

find, the secretary shall not issue such license and the secretary shall

notify the applicant of the denial in writing. The secretary shall

approve or deny every application for license hereunder within ninety

days from the filing thereof.