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Terms Used In New Hampshire Revised Statutes 551:4

  • 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.
  • Devise: To gift property by will.
  • Legacy: A gift of property made by will.
  • Probate: Proving a will
No will nor any part thereof shall be holden invalid, nor any witness thereto incompetent, by reason of any or all of the witnesses being, at the time of the execution or of the probate thereof, members of a corporation to which a devise or legacy is therein given.