No action for a penalty or forfeiture may be brought for an act done in good faith and pursuant to a construction given to a statute by a decision of an appellate court and adjudged lawful thereby, where such act was done prior to a reversal or the overruling of such decision.

Terms Used In N.Y. Civil Practice Law and Rules 7205

  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Statute: A law passed by a legislature.