N.Y. General Business Law § 423: Licensing

§ 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.