The Martin Act, New York General Business Law article 23-A, sections 352-353, is a 1921 piece of legislation in New York that gives extraordinary powers and discretion to an attorney general fighting financial fraud. The act's powers exceed those given any regulator in any other U.S. state.
Famous quotes containing the words martin and/or act:
“Old Mother Hubbard
Went to the cupboard
To get her poor dog a bone:
But when she got there
The cupboard was bare,
And so the poor dog had none.”
—Sarah Catherine Martin (1768–1826)
“There is a distinction to be drawn between true collectors and accumulators. Collectors are discriminating; accumulators act at random. The Collyer brothers, who died among the tons of newspapers and trash with which they filled every cubic foot of their house so that they could scarcely move, were a classic example of accumulators, but there are many of us whose houses are filled with all manner of things that we “can’t bear to throw away.””
—Russell Lynes (1910–1991)