N.Y. General Business Law § 163
Time of transmission
New York · New York General Business Law · Status: effective · Effective 2014-09-22
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- Citation
- N.Y. General Business Law § 163, Time of transmission, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1107763
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Full text
§ 163. Time of transmission. Every agent authorized to act as such by
any steamship company, express company, or otherwise for the purpose of
transmitting money, shall within two days after receipt thereof, deliver
to his principal the money so received. Every such steamship company,
express company, or other company shall thereupon and within three days
after receipt thereof from an agent, transmit the same to the person to
whom such money has been consigned by the transmitter unless within such
period of three days there be no mail bearing steamer leaving for the
point of destination of such moneys, in which event such money shall be
transmitted on the first steamship to leave thereafter.