Terms Used In New York Laws > General Business > Article 29-J - Film Ratings Labeling

• Chairman: means the chairman of the dormitory authority. See N.Y. Public Authorities Law 1695
• 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.
• Film: means any videotape, video cassette or other reproduction of a motion picture, concert, musical production or other video event. See N.Y. General Business Law 611
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• 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.
• Quorum: The number of legislators that must be present to do business.
• Rating: means a standardized designation commonly used to inform parents about video games or motion pictures in retail or theatrical release, respectively, regarding viewing or playing by their children. See N.Y. General Business Law 611
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Video game: means electronic or computerized game software that users manipulate through interactive devices to generate images on a display screen. See N.Y. General Business Law 611