Terms Used In New York Laws > Rural Electric Cooperative > Article 4 - Conversion of Domestic Corporations; Authorization to Foreign Corporations

• Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
• 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.
• Statute: A law passed by a legislature.