N.Y. General Business Law 856 – Definitions
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§ 856. Definitions. As used in this article:
Terms Used In N.Y. General Business Law 856
- 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.
(1) Merchant means a person who deals in the sale of Torah scrolls in the ordinary course of business.
(2) Torah scroll means an edition of the Pentateuch hand-written on parchment.
(3) Person means any individual, partnership, corporation, association, religious corporation, house of worship, however organized, or other entity.
(4) Written instrument means a written or printed agreement, bill of sale, invoice, certificate of authenticity or any other document describing, pursuant to section eight hundred fifty-nine of this article, the Torah scroll which is to be sold, exchanged, donated, consigned, or otherwise transferred, by a merchant.