GBL 352-e Offering Plan Filing

N.Y. Gen. Bus. Law § 352-e

Core Martin Act provision (N.Y. Gen. Bus. Law § 352-e) requiring that no offer, advertisement, or sale of real estate securities—including cooperative interests and condominium units—be made in or from New York until the issuer or offeror files a written offering statement or prospectus with the Department of Law (Attorney General) and the Attorney General issues a letter stating that the offering has been filed. The offering statement must afford potential investors, purchasers, and participants an adequate basis upon which to found their judgment and shall not omit any material fact or contain any untrue statement of a material fact.