§ 70-05 Existing Licenses.
RCNY § 70-05
(a)Existing Licenses. All Licenses issued by the Commission and Valid at the Activation Date continue in existence.
(b)Obligation to follow New Rules. All Licensees must obey the New Rules beginning on the Activation Date. It does not matter when a License was issued or when the License expires. A Licensee will be responsible for his or her conduct as a Licensee under the New Rules beginning on the Activation Date.
(c)Old Rules are no defense to ongoing obligations. No person can raise as a defense to a violation of the New Rules from the Activation Date either the existence of the Old Rules before the Activation Date or that a License was issued under the Old Rules.
(d)License Terms-Expiration.
(1)A License Valid and in effect on the Activation Date expires on the date it was scheduled to expire when issued under the Old Rules.
(2)A License suspended on the Activation Date expires on the date it was scheduled to expire when issued under the Old Rules.
(e)License Renewals. When a License expires on or after the Activation Date, the New Rules apply to any application to renew that License.
