New York § 339-D - 339-DTransactions by brokers and dealers after insolvency
Full text of New York New York Consolidated Laws § 339-D — 339-DTransactions by brokers and dealers after insolvency, with citation guidance and answers to common questions.
§ 339-D. 339-DTransactions by brokers and dealers after insolvency
§ 339-d. Transactions by brokers and dealers after insolvency. Any person, firm, association or corporation engaged in the business of purchasing and selling as broker or dealer, stocks, bonds or other evidences of debt of corporations, companies or associations who, knowing that he or it is insolvent, accepts or receives from a customer ignorant of such broker's or dealer's insolvency, money, stocks, bonds or other evidences of debt belonging to the customer otherwise than in liquidation of, or as security for, an existing indebtedness, is guilty of a misdemeanor. Any person, firm, association or corporation shall be deemed insolvent within the meaning of this section whenever the aggregate of his or its property shall not, at a fair valuation, be sufficient in amount to pay his or its debts.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 339-D
What does New York Consolidated Laws § 339-D cover?
Section 339-D ("339-DTransactions by brokers and dealers after insolvency") 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 § 339-D?
A common citation format is "New York Consolidated Laws § 339-D" (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 § 339-D 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.