N.Y. General Business Law 161 – Agent to transmit through principal
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§ 161. Agent to transmit through principal. No such agent so authorized shall transmit any money received for transmission by him through any person, firm or corporation other than through the principal from whom such agent has duly received authority.
Terms Used In N.Y. General Business Law 161
- 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.