New York ABP Code § 103

Definitions
Open in Lexace · Ask the AI about this section
§ 103. Definitions. As used in this chapter\n  (a) "Abandoned property fund" means the abandoned property fund\nestablished by section ninety-five of the state finance law, as such\nsection was added by a chapter of the laws of nineteen hundred\nforty-four, entitled "An act to amend the state finance law, in relation\nto establishing an abandoned property fund and providing for the\ntransfer of certain moneys and property to such fund, and to amend the\nsurrogate's court act in relation to payments from such fund."\n  (b) "Abandoned property heretofore paid to the state" means, unless a\nmore limited meaning clearly appears from the context, all money or\nother personal property collected or received by the state comptroller\nor the department of taxation and finance pursuant to the provisions of\n  (i) section twenty-two hundred twenty-two of the surrogate's court\nprocedure act;\n  (ii) subdivision two of section five, sections thirty-two, one hundred\ntwenty-seven, one hundred seventy, two hundred fifty-seven and three\nhundred fourteen of the banking law;\n  (iii) subsection (c) of section seven thousand four hundred\nthirty-four of the insurance law;\n  (iv) subdivision four of section sixty-six-a and section one hundred\nfour-c of the public service law;\n  (v) section thirteen-c of the transportation corporations law;\n  (vi) sections eighty-four, ninety and ninety-two of the state finance\nlaw;\n  (vii) section four hundred twenty-four of the vehicle and traffic law;\n  (viii) section one hundred thirty-eight of the navigation law;\n  (ix) and any earlier provision of law which embodies provisions which\nare substantially the same as or equivalent to those contained in such\nsections.\n  (c) "Banking organizations" means all banks, trust companies, private\nbankers, savings banks, industrial banks, safe deposit companies,\nsavings and loan associations, credit unions and investment companies in\nthis state, organized under or subject to the provisions of the laws of\nthis state, or of the United States, including entities organized under\nsection six hundred eleven of title twelve of the United States code,\nbut does not include federal reserve banks. For the purposes of this\nchapter, the term "banking organization" shall also include any\ncorporation or other organization which is a wholly or partially owned\nsubsidiary of any banking organization, banking corporation, or bank\nholding company, which performs any or all of the functions of a banking\norganization, or any corporation or other organization which performs\nsuch functions pursuant to the terms of a contract with any banking\norganization.\n  (d) "Infant" means a person who has not attained the age of eighteen\nyears.\n"Infancy" means the state of being an infant.\n  (e) "Life insurance corporation" means any insurer corporation\norganized under the laws of this state or any foreign corporation\nauthorized to do either one or both kinds of insurance business\nauthorized in paragraphs one and two of subsection (a) of section one\nthousand one hundred thirteen of the insurance law, as amended from time\nto time. The term life insurance corporation shall include a fraternal\nbenefit society as defined in section four thousand five hundred one of\nthe insurance law.\n  (f) "Utility services" means gas, electricity or steam supplied by a\ngas, electric, gas and electric or district steam corporation or an\nenergy services company, telephone, telegraph or other service furnished\nby a telephone, telegraph or telegraph and telephone corporation, water\nsupplied by a waterworks corporation, or appliances, equipment,\ninstallations, fixtures or appurtenances rented by any such corporation\nor ESCO.\n  (g) "Gift certificate" shall mean a written promise or electronic\npayment device that: (i) is usable at a single merchant or an affiliated\ngroup of merchants that share the same name, mark, or logo, or is usable\nat multiple, unaffiliated merchants or service provi

‹ Prev All New York sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.