§ 2. Definitions. As used in this chapter: 1. The term "joint stock association" includes every unincorporated joint stock association, company or enterprise having written articles of association and capital stock divided into shares, but does not include a corporation or a business trust.

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Terms Used In N.Y. General Associations Law 2

  • 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.

2. The term "business trust" means any association operating a business under a written instrument or declaration of trust, the beneficial interest under which is divided into shares represented by certificates.

3. The term "stockholder" means every member of a joint stock association.

4. The term "association," as used in article four of this chapter, means a joint stock association or a business trust as defined in this section.

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