N.Y. Agric. & Mkts. Law § 512
Transferability; change in ownership or control
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2021
As of January 1, 2018
§ 512. Industrial hemp economic development. The commissioner shall\nconsult and cooperate with the New York State urban development\ncorporation with respect to the funding and support of research\nconcerning industrial hemp and businesses involved in the processing and\nmanufacturing of industrial hemp products.\n
§ 512. Transferability; change in ownership or control. 1. Licenses\nissued under this article are not transferable, absent written consent\nof the commissioner.\n 2. A license shall become void by a change in ownership, substantial\ncorporate change or change of location or acreage grown without prior\nwritten approval of the commissioner. The commissioner may promulgate\nrules and regulations allowing for certain types of changes in ownership\nwithout the need for prior written approval.\n
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.