N.Y. Personal Property Law 347 – Liability of assignees
§ 347. Liability of assignees. Except where the assignment is involuntary or as otherwise specifically provided in this article, any civil action for a violation of this article which may be brought against a lessor may be maintained against any subsequent assignee of the lessor only if the violation for which the action or proceeding is brought is apparent on the face of the lease application or the retail lease agreement. For purposes of this section, a violation is apparent on the face of these documents if:
Terms Used In N.Y. Personal Property Law 347
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
1. The agreement contains a disclosure which can be determined to be incomplete or inaccurate from the face of the agreement or other documents assigned; or
2. The agreement or application either contains a prohibited provision or does not contain the notices, legend or items required by this article.