N.Y. General Business Law 69-L – Definitions
Current as of: 2023 | Check for updates
|
Other versions
As used in this article, unless the context requires otherwise:
Terms Used In N.Y. General Business Law 69-L
- 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.
- Department: means the department of state. See N.Y. General Business Law 69-L
- 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.
- Person: means an individual, firm, company, partnership, limited liability company or corporation. See N.Y. General Business Law 69-L