- The Laws of New York
- Consolidated Laws
- General Business
- Article 23-A: Fraudulent Practices In Respect to Stocks, Bonds and Other Securities
Section 352-F Description of realty bonds
General Business (GBS)
Whenever hereafter any person, partnership, corporation, company, trust or association, or any agent or employee thereof, makes or takes part in an offering or sale of securities described in subdivision one of section three hundred fifty-two-e of this article, and such securities consist of bonds or other evidence of indebtedness, there shall be included in numeral form, in bold print on the first page of all offering literature employed in the solicitation and sale of such securities, the actual interest rate payable on such securities. Such rate shall not include any return of principal.