New York Laws > General Business > Article 44 – Regulation of Surrogacy Programs and Assisted Reproduction Service Providers
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Terms Used In New York Laws > General Business > Article 44 - Regulation of Surrogacy Programs and Assisted Reproduction Service Providers
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- 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
- Trustee: A person or institution holding and administering property in trust.
- Venue: The geographical location in which a case is tried.