N.Y. General Business Law 239-A – Certain appraisals; penalty
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§ 239-a. Certain appraisals; penalty. Any appraiser who knowingly gives a written appraisal of property with intent to defraud, deceive, or injure another person, firm, partnership, corporation, or association or any officer, director, employee, or agent thereof shall be guilty of a misdemeanor.
Terms Used In N.Y. General Business Law 239-A
- Appraisal: A determination of property value.
- Appraiser: shall mean any person or persons, firm, partnership, corporation or association or any officer, director, employee or agent thereof who purports to ascertain and state the true value of property. See N.Y. General Business Law 239
- 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.
- Property: shall mean jewelry, watches, and objects made from or containing precious stones or metals. See N.Y. General Business Law 239