N.Y. Insurance Law 6401 – Definitions
Current as of: 2023 | Check for updates
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In this article, the following definitions apply except as otherwise specified:
Terms Used In N.Y. Insurance Law 6401
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.