N.Y. General Business Law 86 – Reward may be presumed
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§ 86. Reward may be presumed. In any prosecution under this article any person, firm, limited liability company, partnership or corporation who performs or commits any of the acts set forth in sections seventy and seventy-one of this article shall be presumed to do so for a fee, compensation, valuable consideration or reward.
Terms Used In N.Y. General Business Law 86
- 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.
- 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.