New York statute
N.Y. Penal Law § 460.25 — Enterprise corruption; limitations
Current through 2026 legislative session (LBDC text via OpenLegislation as of 2026-07-17)
Part of Article 460: Enterprise Corruption, New York Penal Law.
Full text of N.Y. Penal Law § 460.25
Statutory text current through the 2026 legislative session (LBDC text via OpenLegislation as of 2026-07-17). This publication reproduces the text of the Consolidated Laws of New York as provided by the New York State Senate's Open Legislation service (Legislative Bill Drafting Commission statutory text); it is not the official statutes of the State of New York.
460.25 Enterprise corruption; limitations.
1. For purposes of subdivision one of section 460.20 of this article,
a person does not acquire or maintain an interest in an enterprise by
participating in a pattern of criminal activity when he invests proceeds
derived from a pattern of criminal activity in such enterprise.
2. For purposes of subdivision one of section 460.20 of this article,
it shall not be unlawful to:
(a) purchase securities on the open market with intent to make an
investment, and without the intent of controlling or participating in
the control of the issuer, or of assisting another to do so, if the
securities of the issuer held by the purchaser, the members of his
immediate family, and his or their accomplices in any pattern of
criminal activity do not amount in the aggregate to five percent of the
outstanding securities of any one class and do not confer, either in the
law or in fact, the power to elect one or more directors of the issuer;
(b) make a deposit in an account maintained in a savings and loan
association, or a deposit in any other such financial institution, that
creates an ownership interest in that association or institution;
(c) purchase shares in co-operatively owned residential or commercial
property;
(d) purchase non-voting shares in a limited partnership, with intent
to make an investment, and without the intent of controlling or
participating in the control of the partnership.
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