N.Y. General Business Law 239 – Definitions
§ 239. Definitions. As used in this article the term:
Terms Used In N.Y. General Business Law 239
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Property: shall mean jewelry, watches, and objects made from or containing precious stones or metals. See N.Y. General Business Law 239
1. "Appraiser" shall mean any person or persons, firm, partnership, corporation or association or any officer, director, employee or agent thereof who purports to ascertain and state the true value of property.
2. "Property" shall mean jewelry, watches, and objects made from or containing precious stones or metals. "Precious stones" shall be limited to diamonds, alexandrite, cymophane, ruby, sapphire, opal, amethyst, smoky quartz, citrine, rose quartz, spinel, malachite, turquoise, emerald, aquamarine, morganite, garnet, lapis lazuli, jadeite, kunzite, topaz, tourmaline, zircon, amber, jet, pearl, coral, tanzanite. "Precious metals" shall be limited to gold, silver, platinum, iridium, ruthenium, osmium, or any alloys of any one or more of said metals.