New York Laws > Banking > Article 15 > Title 5-A – Limited Liability Investment Company or Limited Liability Trust Company Finance
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| § 5050 | Company finance |
Terms Used In New York Laws > Banking > Article 15 > Title 5-A - Limited Liability Investment Company or Limited Liability Trust Company Finance
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
- Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.