New York — Statute

314 – 314 | New York Law

Learn about New York's 314 law, including definitions, penalties, and legal implications.

Legal Content

314 – 314

New York Vehicle & Traffic § 314

Statute Summary

NY VAT § 314 - Acceptance of financial security deposits 314. Acceptance of financial security deposits. 1. All moneys or securities delivered to the commissioner as a financial security deposit shall be placed by the commissioner in the custody of the commissioner of taxation and finance and shall be subject to execution to satisfy any judgment for damages for bodily injury or death, or injury to or destruction of property, arising out of the ownership, maintenance, us

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Explain Like I'm 5

In simple terms: Learn about New York's 314 law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.