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New York Real Property Actions and Proceedings Law Section 232 - Purchases By Certain Officers Prohibited; Penalty.

Legal Research Home > New York Lawyer > Real Property Actions and Proceedings > New York Real Property Actions and Proceedings Law Section 232 - Purchases By Certain Officers Prohibited; Penalty.

    § 232.  Purchases by certain officers prohibited; penalty. No officer
  making a sale as prescribed in section 231, or  guardian  of  an  infant
  party,  or  any  person  for  his benefit, directly or indirectly, shall
  purchase or be interested in the purchase of any of the  property  sold;
  except  that  a  guardian, where he is lawfully authorized to do so, may
  purchase for the benefit or in behalf of his ward. The violation of this
  section is a misdemeanor; and a purchase made contrary to  this  section
  is void.

Last modified: August 9, 2006