N.Y. Public Authorities Law 2420-A – Validity
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§ 2420-a. Validity. Bonds, insurance commitments or contracts and development corporation credit support may contain a recital that they are issued or executed, respectively, pursuant to this section, which recital shall be conclusive evidence of their validity, respectively, and the regularity of the proceedings related thereto.
Terms Used In N.Y. Public Authorities Law 2420-A
- 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.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.