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This entry was published on 2014-09-22
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Registration; penalty for failure
§ 275-a. Registration; penalty for failure. Every person acting
individually or as a trustee, firm, company, association or corporation
engaged in whole or in part in the making or negotiating of sales,
agreements to sell, deliveries or transfers of shares or certificates
taxable under this article, or conducting or transacting a stock
brokerage business, and every corporation, stock association, company or
trustee which shall maintain a principal office or place of business
within the state or which shall keep or cause to be kept within the
state of New York a place for the sale, transfer or delivery of its
stock, or other certificates included within this article, shall within
ten days after the amendment to this section shall take effect if such a
certificate shall not have been theretofore filed with the state
comptroller, or within ten days after engaging in such business or after
establishing such principal office or place of business, or such place
for the sale or transfer of its certificates, as the case may be, file
in the office of the tax commission a certificate setting forth the name
under which such business is, or is to be, conducted or transacted, and
the true or real full name or names of the person or persons conducting
or transacting the same, with the post office address or addresses of
said person or persons, unless the party so certifying be a corporation
or trustee, in which event it shall set forth its said principal office
or place of business and when and where incorporated or organized. Said
certificate shall be executed and duly acknowledged by the person or
persons so conducting or intending to conduct said business or by the
president or secretary of the corporation as the case may be.

In the event of a change in the persons composing such firm, company
or association or of the persons acting as such trustees or of the
address of any such person, firm, company, association, corporation or
trustees, or termination of such business or relationship, a like
certificate setting forth the facts with respect to such change or
termination shall within ten days thereafter be filed in the office of
the tax commission.

Any such person acting individually or as a trustee, firm, company,
association or corporation who shall fail to comply with the provisions
of this section shall be guilty of a misdemeanor, and upon conviction
thereof shall pay a fine of not less than one hundred dollars nor more
than five hundred dollars or be imprisoned for not more than six months
or by both such fine and imprisonment, in the discretion of the court.