State Codes and Statutes

Statutes > New-york > Abp > Article-5-a > 510

§  510.  Definitions.   When used in this article, the following items  shall have the following meanings:    1. "Corporation" shall include any joint stock  company,  corporation,  association  of two or more individuals, committee, public authority, or  business trust.    2. "Public issuer" shall include the United States, the several states  and  territories   thereof,   political   subdivisions   and   municipal  corporations  within  such states and territories, foreign countries and  political subdivisions and municipal corporations  within  such  foreign  countries.    3. "Security" shall include:    (a)  Any  instrument  issued  by  a  corporation  or  public issuer to  evidence an obligation to make any payment of the principal amount of  a  debt or of any increment due or to become due thereon, or    (b)  Any  instrument issued by a corporation to evidence a proprietary  interest therein except:    (i) A policy of insurance issued by a mutual insurance corporation, or    (ii) A share issued by a savings and loan association, a building  and  loan association, or a credit union.    4.  "Broker"  shall  include any individual or corporation engaging in  the purchase, sale or exchange of securities for or  on  behalf  of  any  customer.    5.  "Dealer"  shall  include any individual or corporation engaging in  any state as a regular business in the purchase,  sale  or  exchange  of  securities for his or its own account, through a broker or otherwise.    6. (a) "Customer" shall include any individual or corporation entering  into  a  contract with a broker or dealer by which such broker or dealer  agrees to effect the purchase, sale, or exchange, or to keep custody  of  any  security  for  or  on behalf of such individual or corporation. The  term  "customer"  shall  also  include  any  individual  or  corporation  entering  into a contract with a broker or dealer whereby such broker or  dealer for his own account buys from or  sells  to  such  individual  or  corporation, any security.    (b) If on the books of account located at an office in this state of a  broker  or  dealer  there  is  indicated  a  balance to the credit of an  individual or corporation with a last-known address  in  a  state  other  than  this  state,  such individual or corporation shall not be deemed a  "customer".    7. "Amount" shall mean that term as defined in  subdivision  seven  of  section five hundred of this chapter.    8.  "Wages" shall include moneys payable, under contract or otherwise,  for services rendered to a broker or dealer, less lawful deductions.

State Codes and Statutes

Statutes > New-york > Abp > Article-5-a > 510

§  510.  Definitions.   When used in this article, the following items  shall have the following meanings:    1. "Corporation" shall include any joint stock  company,  corporation,  association  of two or more individuals, committee, public authority, or  business trust.    2. "Public issuer" shall include the United States, the several states  and  territories   thereof,   political   subdivisions   and   municipal  corporations  within  such states and territories, foreign countries and  political subdivisions and municipal corporations  within  such  foreign  countries.    3. "Security" shall include:    (a)  Any  instrument  issued  by  a  corporation  or  public issuer to  evidence an obligation to make any payment of the principal amount of  a  debt or of any increment due or to become due thereon, or    (b)  Any  instrument issued by a corporation to evidence a proprietary  interest therein except:    (i) A policy of insurance issued by a mutual insurance corporation, or    (ii) A share issued by a savings and loan association, a building  and  loan association, or a credit union.    4.  "Broker"  shall  include any individual or corporation engaging in  the purchase, sale or exchange of securities for or  on  behalf  of  any  customer.    5.  "Dealer"  shall  include any individual or corporation engaging in  any state as a regular business in the purchase,  sale  or  exchange  of  securities for his or its own account, through a broker or otherwise.    6. (a) "Customer" shall include any individual or corporation entering  into  a  contract with a broker or dealer by which such broker or dealer  agrees to effect the purchase, sale, or exchange, or to keep custody  of  any  security  for  or  on behalf of such individual or corporation. The  term  "customer"  shall  also  include  any  individual  or  corporation  entering  into a contract with a broker or dealer whereby such broker or  dealer for his own account buys from or  sells  to  such  individual  or  corporation, any security.    (b) If on the books of account located at an office in this state of a  broker  or  dealer  there  is  indicated  a  balance to the credit of an  individual or corporation with a last-known address  in  a  state  other  than  this  state,  such individual or corporation shall not be deemed a  "customer".    7. "Amount" shall mean that term as defined in  subdivision  seven  of  section five hundred of this chapter.    8.  "Wages" shall include moneys payable, under contract or otherwise,  for services rendered to a broker or dealer, less lawful deductions.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Abp > Article-5-a > 510

§  510.  Definitions.   When used in this article, the following items  shall have the following meanings:    1. "Corporation" shall include any joint stock  company,  corporation,  association  of two or more individuals, committee, public authority, or  business trust.    2. "Public issuer" shall include the United States, the several states  and  territories   thereof,   political   subdivisions   and   municipal  corporations  within  such states and territories, foreign countries and  political subdivisions and municipal corporations  within  such  foreign  countries.    3. "Security" shall include:    (a)  Any  instrument  issued  by  a  corporation  or  public issuer to  evidence an obligation to make any payment of the principal amount of  a  debt or of any increment due or to become due thereon, or    (b)  Any  instrument issued by a corporation to evidence a proprietary  interest therein except:    (i) A policy of insurance issued by a mutual insurance corporation, or    (ii) A share issued by a savings and loan association, a building  and  loan association, or a credit union.    4.  "Broker"  shall  include any individual or corporation engaging in  the purchase, sale or exchange of securities for or  on  behalf  of  any  customer.    5.  "Dealer"  shall  include any individual or corporation engaging in  any state as a regular business in the purchase,  sale  or  exchange  of  securities for his or its own account, through a broker or otherwise.    6. (a) "Customer" shall include any individual or corporation entering  into  a  contract with a broker or dealer by which such broker or dealer  agrees to effect the purchase, sale, or exchange, or to keep custody  of  any  security  for  or  on behalf of such individual or corporation. The  term  "customer"  shall  also  include  any  individual  or  corporation  entering  into a contract with a broker or dealer whereby such broker or  dealer for his own account buys from or  sells  to  such  individual  or  corporation, any security.    (b) If on the books of account located at an office in this state of a  broker  or  dealer  there  is  indicated  a  balance to the credit of an  individual or corporation with a last-known address  in  a  state  other  than  this  state,  such individual or corporation shall not be deemed a  "customer".    7. "Amount" shall mean that term as defined in  subdivision  seven  of  section five hundred of this chapter.    8.  "Wages" shall include moneys payable, under contract or otherwise,  for services rendered to a broker or dealer, less lawful deductions.