New York § 419 - 419Definitions
Full text of New York New York Consolidated Laws § 419 — 419Definitions, with citation guidance and answers to common questions.
§ 419. 419Definitions
§ 419. Definitions. When used in this article: 1. The term "applicant" means a coin processor who has filed an application with the department for a license. 2. The term "coin processor" means any individual, partnership, association or corporation engaged in the business of providing coin processing services. 3. The term "coin processing services" means the taking in, holding and counting of coins received by other businesses and exchanging such coins for an equivalent amount of money, currency, coins or negotiable instruments for a negotiated service fee. This term does not include any corporations, unincorporated associations, partnerships and individuals subject to the provisions of the banking law nor does it include any "food processing establishment" as defined in subdivision three of section two hundred fifty-one-z-two of the agriculture and markets law which owns a coin counting machine and makes this service available to its customers nor does it include any "armored car carrier". The term "armored car carrier" shall have the same meaning as such term is defined in section eighty-nine-bbb of this chapter. 4. The term "department" means the department of state. 5. The term "division" means the division of criminal justice services. 6. The term "licensee" means a coin processor that has been issued a license in accordance with the provisions of this article. 7. The term "secretary" means the secretary of state. 8. The term "principal owner" means any person controlling an interest greater than ten percent in a business providing coin processing services, or any person with a controlling interest in a company that has a controlling interest in a business providing coin processing services.
Frequently Asked Questions About New York § 419
What does New York Consolidated Laws § 419 cover?
Section 419 ("419Definitions") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 419?
A common citation format is "New York Consolidated Laws § 419" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 419 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.