PART VI

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Terms Used In N.Y. General City Law PART 6

  • 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.
  • Hemp: means the plant Cannabis sativa L. See N.Y. Agriculture and Markets Law 505
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.

MISCELLANEOUS