N.Y. VAT. LAW § 2257-b : NY Code - Section 2257-B: Yacht brokers

Search N.Y. VAT. LAW § 2257-b : NY Code - Section 2257-B: Yacht brokers

1.  A yacht broker is any person who, for a
  fee or commission, acts as an agent for either the buyer or seller of  a
  vessel.  On and after April first, nineteen hundred eighty-six, a person
  who engages  in  business  as  a  yacht  broker  shall  certify  to  the
  commissioner  that he is a yacht broker. The failure of a person engaged
  in business as a yacht broker to certify to the commissioner that he  is
  a yacht broker shall be a violation.
    2.   A  yacht  broker  shall  be  required  to  keep  records  of  all
  transactions concerning the purchase and sale of any vessel in which  he
  acted  as  agent  for  either the buyer or seller. Such records shall be
  maintained in a manner prescribed  by  the  commissioner  and  shall  be
  available  upon  request  during  business hours to any peace officer or
  agent of the commissioner.  The  failure  to  produce  such  records  as
  required by this section shall be a violation.