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§ 28-418.3.1 — Financial solvency

New York City Administrative Code (current through L.L. 2026/147, enacted September 12, 2026, and amendments effective through October 10, 2026) · NYC Admin. Code § 28-418.3.1

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§ 28-418.3.1 Financial solvency.

For the purposes of this article, financial solvency shall mean that the applicant's operating capital shall exceed $25,000. (Am. L.L. 2021/126, 11/7/2021, eff. 11/7/2022) Editor's note: For related unconsolidated provisions, see Appendix A at L.L. 2008/008 and L.L. 2021/126.