§ 856. Definitions. As used in this article:

Terms Used In N.Y. General Business Law 856

  • 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.

(1) Merchant means a person who deals in the sale of Torah scrolls in the ordinary course of business.

(2) Torah scroll means an edition of the Pentateuch hand-written on parchment.

(3) Person means any individual, partnership, corporation, association, religious corporation, house of worship, however organized, or other entity.

(4) Written instrument means a written or printed agreement, bill of sale, invoice, certificate of authenticity or any other document describing, pursuant to section eight hundred fifty-nine of this article, the Torah scroll which is to be sold, exchanged, donated, consigned, or otherwise transferred, by a merchant.