Terms Used In New York Laws > Domestic Relations > Article 5-A > Title 4 - Miscellaneous Provisions

• Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
• Board: shall mean the board of trustees of the New York state higher education services corporation. See N.Y. Education Law 651
• Corporation: shall mean the New York state higher education services corporation. See N.Y. Education Law 651
• 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.
• Federal student aid programs: shall mean the programs of the United States government making financial aid available to pay for the cost of attending post-secondary institutions and established under Title IV of the Higher Education Act of nineteen hundred sixty-five, as amended, or any successor statute. See N.Y. Education Law 651
• 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.
• President: shall mean the president of the corporation. See N.Y. Education Law 651
• Quorum: The number of legislators that must be present to do business.
• Statute: A law passed by a legislature.
• Trustee: A person or institution holding and administering property in trust.