New York § 506 - 506Exempted transactions
Full text of New York New York Consolidated Laws § 506 — 506Exempted transactions, with citation guidance and answers to common questions.
§ 506. 506Exempted transactions
§ 506. Exempted transactions. This article does not apply to: 1. Agreements for the rental of merchandise in which the person who rents the merchandise has no legal right to become the owner of the property at the end of the rental period; 2. A lease of a safe deposit box; and 3. Retail installment sales agreements, contracts, or obligations.
Frequently Asked Questions About New York § 506
What does New York Consolidated Laws § 506 cover?
Section 506 ("506Exempted transactions") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 506?
A common citation format is "New York Consolidated Laws § 506" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 506 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.