§ 337 — Definitions

§ 337. Definitions. As used in this article: 1. The words "subdivided\nlands" and "subdivision" mean vacant land or lands sold or leased on the\ninstallment plan or offered for sale or lease on such plan and also\nvacant land or lands situated outside the state of New York and sold or\nleased or offered for sale or lease on the installment plan or upon any\nand all other plans, terms and conditions of sale or lease.\n 2. The word "subdivider" shall include every person, partnership,\ncorporation, company or association who or which engages directly or\nthrough an agent in the business of selling, leasing or offering for\nsale or lease subdivided lands and subdivisions to the public in this\nstate.\n 3. The words "installment plan" mean any plan, arrangement or\nagreement pursuant to the terms, covenants and conditions whereof the\nproposed purchaser of vacant land or lands to be acquired amortizes the\npurchase price by periodic payments and whereby the conveyance of title\nto the purchaser of such vacant land or lands is deferred until such\ntime as all said periodic payments have been made and shall also include\nthe provision in a plan, arrangement or agreement or lease requiring a\nconsideration from the lessee in addition to the periodic payments as a\ncondition precedent to the conveyance of title to the lessee.\n 4. The words "a lease of land or lands on the installment plan" mean\nand include a plan, arrangement or agreement whereunder the periodic\npayments made are designated as rent and upon the completion of such\npayments the lessee is entitled to a conveyance of title to the vacant\nland or lands leased.\n 5. The words "fraudulent practice" or "fraudulent practices" mean any\ndevice, scheme or artifice employed by a subdivider to defraud or obtain\nmoney or property by means of any false pretense, representation or\npromise, or that a subdivider makes or attempts to make fictitious or\npretended purchases, sales or leases of vacant land or lands to the\npublic in this state, or engages in or is about to engage in any\npractice or transaction or course of business relating to the purchase,\nsale or lease of vacant land or lands which is fraudulent or in\nviolation of law and which has operated or which would operate as a\nfraud upon the purchaser, or that any owner or subdivider as\nhereinbefore defined has sold or offered for sale or is attempting to\nsell or is offering for sale any vacant land or lands in violation of\nthe provisions of this article.\n