New York Laws
Article 29-F - Going Out of Business Sales
590 - Duration of Sale; License Fee.

(b) Any person desiring to conduct any sale defined in subdivision (a)
of section five hundred eighty-one of this article shall place the fees
prescribed in subdivision (a) of this section with the licensing
authority, all except seventy-five dollars of which shall be returned to
such person provided the store is closed within sixty days of the
receipt of such a license. In the event that the person going out of
business and which is holding the closing out sale does not close his
doors within sixty days of the receipt of such a license, the applicant
shall not be entitled to a refund of such fees.

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