New York § 42 Action on bond

New York Statutes

§ 42 — Action on bond

New York § 42

Law GBSGeneral Business

Art. 5Collateral Loan Brokers

This text of New York § 42 (Action on bond) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. General Business § 42 (2026).

Text

  § 42. Action on bond. If any person shall be aggrieved by the\nmisconduct of any such licensed collateral loan broker, and shall\nrecover judgment against him therefor, such person may, after the return\nunsatisfied, either in whole or in part, of any execution issued upon\nsaid judgment, maintain an action in his own name upon the bond of said\ncollateral loan broker in any court having jurisdiction of the amount\nclaimed, provided such court shall, upon application made for the\npurpose, grant such leave to prosecute.\n

Free access — add to your briefcase to read the full text and ask questions with AI

§ 42. Action on bond. If any person shall be aggrieved by the\nmisconduct of any such licensed collateral loan broker, and shall\nrecover judgment against him therefor, such person may, after the return\nunsatisfied, either in whole or in part, of any execution issued upon\nsaid judgment, maintain an action in his own name upon the bond of said\ncollateral loan broker in any court having jurisdiction of the amount\nclaimed, provided such court shall, upon application made for the\npurpose, grant such leave to prosecute.\n