§ 89-eee. Conditions precedent to licensing. Upon filing of an application for a license, if the secretary shall be satisfied that the good character, competency and integrity of the applicant, and of the principals and officers thereof, are such as to comply with the provisions of this article, he or she shall thereupon issue a license to operate as an armored car carrier in accordance with the provisions of this article. Such license shall remain in full force and effect for a period of three years unless it is surrendered by the licensee or revoked or suspended as hereinafter provided; if the secretary shall not so find, the secretary shall not issue such license and the secretary shall notify the applicant of the denial in writing. The secretary shall approve or deny every application for license hereunder within ninety days from the filing thereof. No license shall be issued to an applicant who has been convicted of a serious offense, or of a misdemeanor, where such conviction, in the discretion of the secretary, bears such a relationship to providing armored car services so as to constitute a bar to licensure.

Terms Used In N.Y. General Business Law 89-EEE

  • Armored car carrier: means any individual, partnership, association, limited liability company, corporation, or any other entity, engaging in the business of providing armored car services for hire. See N.Y. General Business Law 89-BBB
  • Armored car services: means engaging in the business of providing secured transportation, protection and safeguarding of valuable cargo from one place or point to another, including the provision of cash services for automated teller machines, by means of specially designed and constructed bullet-resistant armored vehicles and armored car guards. See N.Y. General Business Law 89-BBB
  • Conviction: A judgement of guilt against a criminal defendant.
  • Licensee: means an armored car carrier that has been issued a license in accordance with the provisions of this article. See N.Y. General Business Law 89-BBB
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Secretary: means the secretary of state. See N.Y. General Business Law 89-BBB
  • Serious offense: has the meaning ascribed to that term by subdivision thirteen of section eighty-nine-f of this chapter. See N.Y. General Business Law 89-BBB