New York § 517 - 517Statements of account
Full text of New York New York Consolidated Laws § 517 — 517Statements of account, with citation guidance and answers to common questions.
§ 517. 517Statements of account
§ 517. Statements of account. No agreement between the issuer and the holder shall contain any provision that a statement sent by the issuer to the holder shall be deemed correct unless objected to within a specified period of time. Any such provision is against public policy and shall be of no force or effect.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 517
What does New York Consolidated Laws § 517 cover?
Section 517 ("517Statements of account") 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 § 517?
A common citation format is "New York Consolidated Laws § 517" (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 § 517 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.