This text of New York § 510 (Definitions) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§ 510. Definitions. When used in this article, the following items\nshall have the following meanings:\n 1. "Corporation" shall include any joint stock company, corporation,\nassociation of two or more individuals, committee, public authority, or\nbusiness trust.\n 2. "Public issuer" shall include the United States, the several states\nand territories thereof, political subdivisions and municipal\ncorporations within such states and territories, foreign countries and\npolitical subdivisions and municipal corporations within such foreign\ncountries.\n 3. "Security" shall include:\n (a) Any instrument issued by a corporation or public issuer to\nevidence an obligation to make any payment of the principal amount of a\ndebt or of any increment due or to become due thereon, or\n (b) Any
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§ 510. Definitions. When used in this article, the following items\nshall have the following meanings:\n 1. "Corporation" shall include any joint stock company, corporation,\nassociation of two or more individuals, committee, public authority, or\nbusiness trust.\n 2. "Public issuer" shall include the United States, the several states\nand territories thereof, political subdivisions and municipal\ncorporations within such states and territories, foreign countries and\npolitical subdivisions and municipal corporations within such foreign\ncountries.\n 3. "Security" shall include:\n (a) Any instrument issued by a corporation or public issuer to\nevidence an obligation to make any payment of the principal amount of a\ndebt or of any increment due or to become due thereon, or\n (b) Any instrument issued by a corporation to evidence a proprietary\ninterest therein except:\n (i) A policy of insurance issued by a mutual insurance corporation, or\n (ii) A share issued by a savings and loan association, a building and\nloan association, or a credit union.\n 4. "Broker" shall include any individual or corporation engaging in\nthe purchase, sale or exchange of securities for or on behalf of any\ncustomer.\n 5. "Dealer" shall include any individual or corporation engaging in\nany state as a regular business in the purchase, sale or exchange of\nsecurities for his or its own account, through a broker or otherwise.\n 6. (a) "Customer" shall include any individual or corporation entering\ninto a contract with a broker or dealer by which such broker or dealer\nagrees to effect the purchase, sale, or exchange, or to keep custody of\nany security for or on behalf of such individual or corporation. The\nterm "customer" shall also include any individual or corporation\nentering into a contract with a broker or dealer whereby such broker or\ndealer for his own account buys from or sells to such individual or\ncorporation, any security.\n (b) If on the books of account located at an office in this state of a\nbroker or dealer there is indicated a balance to the credit of an\nindividual or corporation with a last-known address in a state other\nthan this state, such individual or corporation shall not be deemed a\n"customer".\n 7. "Amount" shall mean that term as defined in subdivision seven of\nsection five hundred of this chapter.\n 8. "Wages" shall include moneys payable, under contract or otherwise,\nfor services rendered to a broker or dealer, less lawful deductions.\n