New York Laws > State Technology > Article 3 – Electronic Signatures and Records Act
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Terms Used In New York Laws > State Technology > Article 3 - Electronic Signatures and Records Act
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.