Cohousing-L Mailing List: Re: Cohos in NY State [was: Site Finances and NYS question

[Diane L. Rose (dlrose]

The Martin Act applies across the board - no matter where the real estate
is located (even if it is not in NY but you have NY investors!!!).  See
sections 352 and 359 of the New York General Business Law.  The NY
regulations (which cover both securities and real estate) have been a
headache ever since they were enacted.

___________________
Diane L. Rose, Esq.
Jones Day
222 East 41st Street
New York, New York 10017
Direct 212.326.7808
Facsimile 212.755.7306
(US Eastern Time Zone)
e-mail:  dlrose [at] jonesday.com



                                                                           
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                                       Site Finances and NYS question      
                                                                           
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Thanks for these replies.  regarding the AG's regs for real estate
development, do you know if this applies for urban areas in which there is
considerable development already?  I was figuring that there would be all
sorts of regs regarding environmental assessments for clean up of
brownfields etc, but this sounds like another level all together.  Perhaps
there is a set of regs for rural land development and another for urban
infill development?

Shari Rediess


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