New York General Business Code § 74

Issuance of licenses; fee; bonds
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§ 74. Issuance of licenses; fee; bonds. 1. (a) The application shall\nbe accompanied by a non-refundable fee, payable to the department of\nstate for the use of the state, for each certificate of license, as\nhereinbelow enumerated, issued to the applicant, if the applicant be an\nindividual, of four hundred dollars for a license as private\ninvestigator or bail enforcement agent or a fee of three hundred dollars\nfor a license as watch, guard or patrol agency, or if the applicant be a\nfirm, partnership, limited liability company or corporation, a fee of\nfive hundred dollars for a license as private investigator or bail\nenforcement agent or a fee of four hundred dollars for a license as\nwatch, guard or patrol agency.\n  (b) When the application shall have been examined and such further\ninquiry and investigation made as the secretary of state shall deem\nproper, and when the secretary of state shall be satisfied therefrom of\nthe good character, competency and integrity of such applicant, or, if\nthe applicant be a firm or partnership, the individual members thereof,\nor if the applicant be a limited liability company, the individual\nmembers thereof, or if the applicant be a corporation, the president,\nsecretary, treasurer and all other officers and all directors thereof,\nand each stockholder owning ten per centum or more of the stock and a\nperiod to ten days from the date of the filing of the application shall\nhave passed, the department of state shall issue and deliver to such\napplicant a certificate of license to conduct such business and to own,\nconduct or maintain a bureau, agency, sub-agency, office or branch\noffice for the conduct of such business on the premises stated in such\napplication upon the applicant's executing, delivering and filing in the\noffice of such department a surety company bond in the sum of ten\nthousand dollars; provided however, that an applicant for a license as a\nbail enforcement agent shall execute, deliver and file with the office\nof such department a surety company bond in the sum of five hundred\nthousand dollars, conditioned for the faithful and honest conduct of\nsuch business by such applicant, which surety bond must be written by a\ncompany recognized and approved by the superintendent of financial\nservices of the state, and approved by the department of state with\nrespect to its form, manner of execution and sufficiency provided,\nfurther, however, before a license is issued to a non-resident the\napplicant must file with the secretary of state a written consent to the\njurisdiction of the courts of New York (i) in any case or cases arising\nfrom any contract for the performance of private investigative services\nas private investigator, bail enforcement agent or watch, guard or\npatrol agency, made within the state or to be performed, wholly or in\npart, within the state or in any way connected with the conduct of\nbusiness within the state, and (ii) in any case or cases arising from\nany tort occurring within the state or occurring in connection with the\nbusiness of the licensee within the state. The license as private\ninvestigator, bail enforcement agent or watch, guard or patrol agency\ngranted pursuant to this article shall last for a period of two years,\nbut shall be revocable at all times by the department of state for cause\nshown. Such bond shall be taken in the name of the people of the state\nof New York, and any person injured by the violation of any of the\nprovisions of this article or by the wilful, malicious and wrongful act\nof the principal or employee may bring an action against such principal,\nemployee or both on said bond in his own name to recover damages\nsuffered by reason of such wilful, malicious and wrongful act. In each\nand every suit, or prosecution arising out of this article, the agency\nof any employee as to the employment and as to acting in the course of\nhis employment, shall be presumed. The license certificate shall be in a\nfor

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