New York Statutes
§ 56 — Limitation on refunds under commercial installment sales agreements
New York § 56
This text of New York § 56 (Limitation on refunds under commercial installment sales agreements) 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 § 56 (2026).
Text
§ 56. Limitation on refunds under commercial installment sales\nagreements. An agreement for the sale of equipment, machinery or the\naccessories or parts thereto to a commercial or business enterprise for\nits use or for the purpose of resale which provides for the financing of\nsuch purchase by an installment sale provision shall provide that any\nrefund due as a result of an early termination of the agreement shall be\ndetermined according to a generally accepted actuarial method.\n
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Bluebook (online)
New York § 56, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/GBS/56.