N.Y. Penal Law § 460.25

§ 460.25 Enterprise corruption; limitations.\n 1. For purposes of subdivision one of section 460.20 of this article,\na person does not acquire or maintain an interest in an enterprise by\nparticipating in a pattern of criminal activity when he invests proceeds\nderived from a pattern of criminal activity in such enterprise.\n 2. For purposes of subdivision one of section 460.20 of this article,\nit shall not be unlawful to:\n (a) purchase securities on the open market with intent to make an\ninvestment, and without the intent of controlling or participating in\nthe control of the issuer, or of assisting another to do so, if the\nsecurities of the issuer held by the purchaser, the members of his\nimmediate family, and his or their accomplices in any pattern of\ncriminal activity do not amount in the aggregate to five percent of the\noutstanding securities of any one class and do not confer, either in the\nlaw or in fact, the power to elect one or more directors of the issuer;\n (b) make a deposit in an account maintained in a savings and loan\nassociation, or a deposit in any other such financial institution, that\ncreates an ownership interest in that association or institution;\n (c) purchase shares in co-operatively owned residential or commercial\nproperty;\n (d) purchase non-voting shares in a limited partnership, with intent\nto make an investment, and without the intent of controlling or\nparticipating in the control of the partnership.\n