N.Y. Exec. Law § 160-hhhh

§ 160-hhhh. Owner requirements. An appraisal management company\napplying for a certificate of registration shall not be owned in whole\nor in part, directly or indirectly, by a person who has had a license,\nregistration or certificate to act as a real estate appraiser denied,\nrevoked, or surrendered in lieu of pending discipline in any state or by\na person holding ten percent or more of the company where that person\nhas had a license, registration or certificate to act as a real estate\nappraiser denied, revoked, or surrendered in lieu of possible discipline\nin any state.\n