NY Arts & Cult Aff L § 25.15 (2021)
2021 New York Laws ACA - Arts and Cultural Affairs Title G - Regulation of Sale of Theatre Tickets Article 25 - Tickets to Places of Entertainment 25.15 - Bond.

* § 25.15. Bond.  The  secretary  of state shall require the applicant   for a license to file with the application therefor a bond in  due  form   to  the  people  of  New  York  in the penal sum of twenty-five thousand   dollars, with two or more  sufficient  sureties  or  a  duly  authorized   surety  company, which bond shall be approved by the secretary of state.   Each such bond shall be conditioned that the obligor will not be  guilty   of  any  fraud or extortion, will not violate directly or indirectly any   of the provisions of this article  or  any  of  the  provisions  of  the   license  or  certificate  provided for in this article, will comply with   the provisions of this article and will pay all  damages  occasioned  to   any  person  by  reason of any misstatement, misrepresentation, fraud or   deceit or any unlawful act or omission  of  such  obligor,  his  or  her   agents  or employees, while acting within the scope of their employment,   made, committed or omitted in connection with  the  provisions  of  this   article  in  the  business conducted under such license or caused by any   other violation of this article in carrying on the  business  for  which   such  license  is  granted. One or more recoveries or payments upon such   bond shall not vitiate the same but such bond shall remain in full force   and effect, provided, however, that the aggregate  amount  of  all  such   recoveries  or  payments  shall not exceed the penal sum thereof. Before   the secretary shall draw upon such bond, the  secretary  shall  issue  a   determination  in  writing which shall include the basis of such action.   The  secretary  shall  notify  in  writing  the  licensee  of  any  such   determination  and  shall  afford the licensee an opportunity to respond   within twenty days of the receipt of such determination. In no event may   the bond be drawn upon in less than twenty-five days after  the  service   of a determination to the licensee. Such written notice may be served by   delivery thereof personally to the licensee, or by certified mail to the   last   known   business   address  of  such  licensee.  Only  upon  such   determination of the secretary shall moneys be withdrawn from the  bond.   Upon  the  commencement of any action or actions against the surety upon   any such bond for a sum or sums aggregating or exceeding the  amount  of   such bond the secretary of state shall require a new and additional bond   in  like  amount  as  the  original  one,  which shall be filed with the   department of state  within  thirty  days  after  the  demand  therefor.   Failure  to file such bond within such period shall constitute cause for   the revocation of the license pursuant to section 25.31 of this  article   theretofore issued to the licensee upon whom such demand shall have been   made.  Any suit or action against the surety on any bond required by the   provisions of this section shall be commenced within one year after  the   cause of action shall have accrued.* NB Effective until July 1, 2022* § 25.15. Posting  of  license  or  certificate. Immediately upon the   receipt of the license or certificate issued pursuant to this article by   such commissioner, the licensee named therein shall cause  such  license   to  be  posted  and at all times displayed in a conspicuous place in the   principal office of such business for which  it  is  issued,  and  shall   cause  the  certificate  for  each  branch  office,  bureau,  agency  or   sub-agency to be posted and at all  times  displayed  in  a  conspicuous   place  in  such branch office, bureau, agency or sub-agency for which it   is issued, so that all persons visiting such  principal  office,  branch   office,  bureau,  agency  or  sub-agency  may readily see the same. Such   license or certificate shall at  all  reasonable  times  be  subject  to   inspection  by  such commissioner or his authorized inspectors. It shall   be unlawful for any person, firm,  partnership  or  corporation  holding   such  license  or  certificate to post such license or certificate or to   permit such certificate to be posted  upon  premises  other  than  those   described  therein  or  to which it has been transferred pursuant to the    provisions of this article or unlawfully to alter, deface or destroy any   such license or certificate.* NB Effective July 1, 2022