Who does New York §352 apply to?

New York §352 applies to HOA associations in New York.

What happens if our co-op or condo doesn't comply with §352?

Non-compliance with this New York statute can expose the association and its officers to private civil suit, and (for offering-plan / sponsor matters under GBS) to enforcement action by the New York Attorney General's Real Estate Finance Bureau. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.

Where can I read the official text of New York §352?

The official text is published by the New York State Legislature at nysenate.gov. The summary on this page is for plain-English reference only and is not legal advice.

New York §352

Investigation by attorney general

Statute:: New York §352 · Law GBS (General Business Law (Martin Act))
Topic:: Governance & Powers · AG investigation
Applies to:: HOA associations

Authorizes the Attorney General to investigate fraudulent practices in the sale of securities, including offerings of HOA and condominium interests. Foundation of the Martin Act.

martin act; attorney general; investigation; subpoena; fraud

📄 Read the official text at nysenate.gov →

How SoShiny helps with Investigation by attorney general

SoShiny stores your bylaws and governing documents in a searchable library with role-based access, so the board sees one thing and members see another. Every edit is timestamped in the audit log — the documentation Florida regulators and a court expect when a board action is later questioned.

See the feature → Start free

Frequently asked

What does New York §352 require?: Authorizes the Attorney General to investigate fraudulent practices in the sale of securities, including offerings of HOA and condominium interests. Foundation of the Martin Act.
Who does New York §352 apply to?: New York §352 applies to HOA associations in New York.
What happens if our co-op or condo doesn't comply with §352?: Non-compliance with this New York statute can expose the association and its officers to private civil suit, and (for offering-plan / sponsor matters under GBS) to enforcement action by the New York Attorney General's Real Estate Finance Bureau. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
Where can I read the official text of New York §352?: The official text is published by the New York State Legislature at nysenate.gov. The summary on this page is for plain-English reference only and is not legal advice.
How does SoShiny help with Investigation by attorney general?: SoShiny stores your bylaws and governing documents in a searchable library with role-based access, so the board sees one thing and members see another. Every edit is timestamped in the audit log — the documentation Florida regulators and a court expect when a board action is later questioned. Learn more →

Not legal advice. This page is a plain-English summary of New York §352 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a New York-licensed attorney. For the official statutory text, see the link above.

Don’t run your co-op or condo on spreadsheets.

Start your community free →