Section 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.