17:16A-1 - Definitions
17:16A-1.Ā Definitions As used in this chapter
a. "Investment company"Ā means any corporation, foreign or domestic, any partnership or any individual which engages principally in an investment business as defined in this section, but this chapter shall not be construed toĀ affect any corporation, partnership or individual, other than an investmentĀ company, to which a certificate of authority to do business has been issued inĀ accordance with, may be issued on compliance with, or the issue of which isĀ prohibited by the provisions of any other chapter of this Title;
b. "Investment contract"Ā means any agreement, certificate, instrument orĀ other writing containing an undertaking by the company making, issuing or guaranteeing the same to pay the holder thereof, or his assignee, or his personal representative, a stated or determinable maturity value in cash or itsĀ equivalent on a fixed or determinable date, the consideration for which consists of the payment to the company of payments, deposits, dues, installments or a single sum, according to a plan fixed by the contract, regardless of whether the holder is entitled to share in the profits or earnings of the issuer;
c. "Investment business"Ā means the business of making, issuing, or guaranteeing investment contracts, but does not include the business of any mortgage guaranty corporation, bank, trust company or other corporation of thisĀ State incorporated under any general or special law which makes insuranceĀ against, or guarantees against, loss by reason of nonpayment of principal orĀ interest on bonds and mortgages, or any corporation authorized to do a lifeĀ insurance business in this State.
L.1938, c. 322, p. 816, s. 1.
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a. "Investment company"Ā means any corporation, foreign or domestic, any partnership or any individual which engages principally in an investment business as defined in this section, but this chapter shall not be construed toĀ affect any corporation, partnership or individual, other than an investmentĀ company, to which a certificate of authority to do business has been issued inĀ accordance with, may be issued on compliance with, or the issue of which isĀ prohibited by the provisions of any other chapter of this Title;
b. "Investment contract"Ā means any agreement, certificate, instrument orĀ other writing containing an undertaking by the company making, issuing or guaranteeing the same to pay the holder thereof, or his assignee, or his personal representative, a stated or determinable maturity value in cash or itsĀ equivalent on a fixed or determinable date, the consideration for which consists of the payment to the company of payments, deposits, dues, installments or a single sum, according to a plan fixed by the contract, regardless of whether the holder is entitled to share in the profits or earnings of the issuer;
c. "Investment business"Ā means the business of making, issuing, or guaranteeing investment contracts, but does not include the business of any mortgage guaranty corporation, bank, trust company or other corporation of thisĀ State incorporated under any general or special law which makes insuranceĀ against, or guarantees against, loss by reason of nonpayment of principal orĀ interest on bonds and mortgages, or any corporation authorized to do a lifeĀ insurance business in this State.
L.1938, c. 322, p. 816, s. 1.
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