Terms Used In New York Laws > Rural Electric Cooperative > Article 5 - Filing and Fees

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• 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.
• Service of process: The service of writs or summonses to the appropriate party.