New York Codes, Rules and Regulations
Title 13 - DEPARTMENT OF LAW
Chapter II - SECURITIES TRANSACTIONS AND PERSONNEL
Subchapter B - REAL ESTATE SYNDICATES
Part 16 - REAL ESTATE SYNDICATION OFFERINGS
Section 16.12 - Exemptions
Current through Register Vol. 46, No. 39, September 25, 2024
(a) Upon written application sworn to by a general partner, trustee, officer or other principal of the issuer, the Department of Law may, in its discretion, by ruling exempt an offering from any provision of this Part or from the provisions of section 352-e, 352-f or 359-e of the General Business Law where it is found that enforcement of such provisions is not necessary to protect the investing public or to effectuate the purposes of the General Business Law. The fees imposed by the General Business Law must be paid to obtain exemptions under this section.
(b) Applications for exemptions pursuant to this section shall comply as to form and content with exemption instructions issued by the Department of Law and available at its offices at:
New York State Department of Law, Real Estate Finance Bureau, 28 Liberty Street, New York, NY 10005, Telephone No. (212) 416-8122.