§ 418 Short title
§ 419 Definitions
§ 420 Doing business without license prohibited
§ 421 Application for licenses
§ 422 Conditions precedent to licensing
§ 423 Licensing
§ 424 Grounds for denial, suspension or revocation of license; procedure
§ 425 Insurance
§ 426 Violations and penalties
§ 427 Preemption
§ 428 Regulations
§ 429 Separability

Terms Used In New York Laws > General Business > Article 27-A - Licensing of Coin Processors

  • applicant: means a coin processor who has filed an application with the department for a license. See N.Y. General Business Law 419
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • coin processing services: means the taking in, holding and counting of coins received by other businesses and exchanging such coins for an equivalent amount of money, currency, coins or negotiable instruments for a negotiated service fee. See N.Y. General Business Law 419
  • coin processor: means any individual, partnership, association or corporation engaged in the business of providing coin processing services. See N.Y. General Business Law 419
  • Contemplation of death: The expectation of death that provides the primary motive to make a gift.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • department: means the department of state. See N.Y. General Business Law 419
  • division: means the division of criminal justice services. See N.Y. General Business Law 419
  • Fraud: Intentional deception resulting in injury to another.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • licensee: means a coin processor that has been issued a license in accordance with the provisions of this article. See N.Y. General Business Law 419
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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.
  • Personal property: All property that is not real property.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • secretary: means the secretary of state. See N.Y. General Business Law 419
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC