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New York · Through 2026-09-11

N.Y. General Business Law § 590: Duration of sale; license fee

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Where this section sits in the code
  1. General Business Law
  2. Article 29-F. Going Out of Business Sales

§ 590. Duration of sale; license fee. (a) A license to conduct a sale

issued pursuant to this article shall be good for no more than a period

of thirty consecutive calendar days and may be renewed for one

consecutive period not exceeding thirty consecutive calendar days upon

the affidavit of the applicant that the goods, wares and merchandise

listed in the inventory have not been disposed of and that no new goods,

wares and merchandise have been or will be added to the inventory

previously filed pursuant to this article by purchase, acquisition, on

consignment or otherwise. The application for renewal shall be made not

more than ten days prior to the date of the expiration of the license

and shall contain an inventory of the goods, wares and merchandise

remaining on hand at the time the application for renewal is made, which

inventory shall be prepared and furnished in the same manner and form as

the original inventory. The licensing authority of the appropriate

city, town or village in which such sale is to be conducted shall

receive from the applicant for such license, upon the filing of an

application therefor, a fee of five hundred dollars, and upon the

renewal thereof, a fee of fifty dollars. The applicant shall not be

entitled to a refund of the fee paid if said application is revoked.

(b) Any person desiring to conduct any sale defined in subdivision (a)

of section five hundred eighty-one of this article shall place the fees

prescribed in subdivision (a) of this section with the licensing

authority, all except seventy-five dollars of which shall be returned to

such person provided the store is closed within sixty days of the

receipt of such a license. In the event that the person going out of

business and which is holding the closing out sale does not close his

doors within sixty days of the receipt of such a license, the applicant

shall not be entitled to a refund of such fees.

Collected 2026-09-14T19:32:44Z. Source file · JSON

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