New York § 505 - 505Guaranty
Full text of New York New York Consolidated Laws § 505 — 505Guaranty, with citation guidance and answers to common questions.
§ 505. 505Guaranty
§ 505. Guaranty. 1. No person shall be subject to prosecution under section five hundred one of this article if such person (1) establishes a guaranty received in good faith signed by and containing the name and address of the person residing in the United States by whom the product, fabric or related material guaranteed was manufactured or from whom it was received, to the effect that reasonable and representative tests made under the procedures provided in section five hundred two of this article show that the product, fabric or related material covered by the guaranty, or used in the product, fabric or related material covered by the guaranty, is not, under the provisions of section five hundred two of this article, so highly flammable as to be dangerous when worn or used by individuals, and (2) has not, by further processing, affected the flammability of the product, fabric or related material covered by the guaranty which he received. Such guaranty shall be either (a) a separate guaranty specifically designating the product, fabric or related material guaranteed, in which case it may be on the invoice or other paper relating to such product, fabric or related material; or (b) a continuing guaranty filed with the department or with the federal trade commission applicable to any product, fabric or related material handled by a guarantor, in such form as the department or the federal trade commission by rules or regulations may prescribe; or (c) a continuing guaranty given by seller to buyer applicable to any product, fabric or related material sold or to be sold to buyer by seller in a form as the department or the federal trade commission by rules or regulations may prescribe. 2. The furnishing with respect to any product, fabric or related material, of a false guaranty, except by a person relying upon a guaranty to the same effect received in good faith and signed by and containing the name and address of the person residing in the United States by whom the product, fabric or related material guaranteed was manufactured or from whom it was received, with reason to believe the product, fabric or related material falsely guaranteed may be introduced, sold or transported in commerce, is unlawful.
Frequently Asked Questions About New York § 505
What does New York Consolidated Laws § 505 cover?
Section 505 ("505Guaranty") 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 § 505?
A common citation format is "New York Consolidated Laws § 505" (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 § 505 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.