New York Laws > Estates, Powers and Trusts > Article 1 > Part 1 – Short Title; How Cited; References; Severability; Application
Current as of: 2024 | Check for updates
|
Other versions
| § 1-1.1 | Short title; how cited |
| § 1-1.2 | References |
| § 1-1.3 | Rules governing use of certain words |
| § 1-1.4 | Severability |
| § 1-1.5 | Application |
Terms Used In New York Laws > Estates, Powers and Trusts > Article 1 > Part 1 - Short Title; How Cited; References; Severability; Application
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.