2013 New York Consolidated Laws
GBS - General Business
Article 8-B - (89-AAA - 89-NNN) LICENSING OF ARMORED CAR CARRIERS
89-BBB - Definitions.

 
    §  89-bbb. Definitions. When used in this article, the following terms
  shall have the following meanings:
    1. "Commissioner" means the commissioner of the division  of  criminal
  justice services.
    2. "Division" means the division of criminal justice services.
    3. "Secretary" means the secretary of state.
    4. "Department" means the department of state.
    6.   "Armored   car   carrier"   means  any  individual,  partnership,
  association,  limited  liability  company,  corporation,  or  any  other
  entity,  engaging  in the business of providing armored car services for
  hire.
    7. "Armored car services" means engaging in the business of  providing
  secured  transportation,  protection  and safeguarding of valuable cargo
  from one place or point to another,  including  the  provision  of  cash
  services  for  automated teller machines, by means of specially designed
  and  constructed  bullet-resistant  armored  vehicles  and  armored  car
  guards.
    8.  "Armored  car  guard"  has  the  meaning  ascribed to that term by
  subdivision eight of section eighty-nine-ppp of this chapter.
    9. "Valuable  cargo"  means  money,  cash,  currency,  coin,  bullion,
  precious   metals   and  articles  made  therefrom,  gems  and  jewelry,
  negotiable and non-negotiable securities, bonds, notes, checks,  drafts,
  coupons,  or  other  valuable  instruments,  documents  or certificates,
  including tapes, computer disks, or other electronic or magnetic  media,
  U.S. Postage Stamps, food stamps, and other articles of unusual value.
    10.  "Licensee"  means  an  armored car carrier that has been issued a
  license in accordance with the provisions of this article.
    11. "Principal" means any person controlling an interest greater  than
  ten percent of an armored car carrier.
    12.  "Officer"  means  the  four  primary  officers  of a corporation,
  normally defined as president, vice-president, secretary and treasurer.
    13. "Serious offense"  has  the  meaning  ascribed  to  that  term  by
  subdivision thirteen of section eighty-nine-f of this chapter.