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NY State — NY Real Property Actions & Proceedings Law

§ 232 — SECTION 232 Purchases by certain officers prohibited; penalty

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Statute text reproduced from nysenate.gov. Not attorney-reviewed for your situation — for reference only.

What is NY RPAPL § 232?

Quick Answer

This section prohibits certain officers, guardians, and related parties from purchasing property sold under section 231, with exceptions for guardians authorized to act for their wards. Violations constitute a misdemeanor, and any purchase made in contravention of this section is deemed void. Applies to individuals involved in property sales and guardianship transactions.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 232 SECTION 232 Purchases by certain officers prohibited; penalty

RPAPL § 232

No officer making a sale as prescribed in section 231, or guardian of an infant party, or any person for his benefit, directly or indirectly, shall purchase or be interested in the purchase of any of the property sold; except that a guardian, where he is lawfully authorized to do so, may purchase for the benefit or in behalf of his ward. The violation of this section is a misdemeanor; and a purchase made contrary to this section is void.

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