N.Y. Civil Practice Law and Rules 7205 – Defense of good faith reliance on judicial decision
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§ 7205. Defense of good faith reliance on judicial decision. No action for a penalty or forfeiture may be brought for an act done in good faith and pursuant to a construction given to a statute by a decision of an appellate court and adjudged lawful thereby, where such act was done prior to a reversal or the overruling of such decision.
Terms Used In N.Y. Civil Practice Law and Rules 7205
- Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
- Statute: A law passed by a legislature.