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New York · Through 2026-09-11

N.Y. General Obligations Law § 5-413: Securities for money lost at gaming, void

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Where this section sits in the code
  1. General Obligations Law
  2. Article 5. Creation, Definition and Enforcement of Contractual Obligations
  3. Title 4. Contracts Relating to Wagering; Forfeiture and Recovery of Certain Property

§ 5-413. Securities for money lost at gaming, void. All things in

action, judgments, mortgages, conveyances, and every other security

whatsoever, given or executed, by any person, where the whole or any

part of the consideration of the same shall be for any money or other

valuable thing won by playing at any game whatsoever, or won by betting

on the hands or sides of such as do play at any game, or where the same

shall be made for the repaying any money knowingly lent or advanced for

the purpose of such gaming or betting aforesaid, or lent or advanced at

the time and place of such play, to any person so gaming or betting

aforesaid, or to any person who during such play, shall play or bet,

shall be utterly void, except where such securities, conveyances or

mortgages shall affect any real estate, when the same shall be void as

to the grantee therein, so far only as hereinafter declared.

When any securities, mortgages or other conveyances, executed for the

whole or part of any consideration specified in the preceding paragraph

shall affect any real estate, they shall inure for the sole benefit of

such person as would be entitled to the said real estate, if the grantor

or person incumbering the same, had died, immediately upon the execution

of such instrument, and shall be deemed to be taken and held to and for

the use of the person who would be so entitled. All grants, covenants

and conveyances, for preventing such real estate from coming to, or

devolving upon, the person hereby intended to enjoy the same as

aforesaid, or in any way incumbering or charging the same, so as to

prevent such person from enjoying the same fully and entirely, shall be

deemed fraudulent and void.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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