New York — Statute

350 – 350 | New York Law

Learn about New York's 350 law, including definitions, penalties, and legal implications.

Legal Content

350 – 350

New York Vehicle & Traffic § 350

Statute Summary

NY VAT § 350 - Money or securities deposited as proof of financial responsibility 350. Money or securities deposited as proof of financial responsibility. (a) A person may give proof of financial responsibility by delivering to the commissioner one hundred fifty thousand dollars in cash, or securities, such as may legally be purchased by savings banks or for trust funds, of a market value of one hundred fifty thousand dollars. (b) All money or securities so delive

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In simple terms: Learn about New York's 350 law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.