New York § 46-D - 46-DGuarantee of certain purchases secured by assignment of earnings
Full text of New York New York Consolidated Laws § 46-D — 46-DGuarantee of certain purchases secured by assignment of earnings, with citation guidance and answers to common questions.
§ 46-D. 46-DGuarantee of certain purchases secured by assignment of earnings
§ 46-d. Guarantee of certain purchases secured by assignment of earnings. No guarantee given to the seller to secure the payment of goods, wares or merchandise amounting to fifteen hundred dollars or less sold for any use other than a commercial or business use, the payment of which is secured by an assignment of future earnings, shall be valid unless such instrument of guarantee identifies specifically and describes fully the transaction or series of transactions secured. If the instrument of guarantee is given to secure subsequent transactions in addition to the transaction or series of transactions secured by such assignment, the liability of the guarantor under such instrument of guarantee as to subsequent transactions shall be limited to transactions within a period of two years from the date of its execution, and shall set forth the maximum amount for which the guarantor shall be liable. Each instrument of guarantee shall be executed in duplicate, and one copy shall be given to the guarantor immediately upon its execution.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 46-D
What does New York Consolidated Laws § 46-D cover?
Section 46-D ("46-DGuarantee of certain purchases secured by assignment of earnings") 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 § 46-D?
A common citation format is "New York Consolidated Laws § 46-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 § 46-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.