Alabama Code > Title 35 > Chapter 15 > Article 2 – Limitation of Liability for Non-Commercial Public Recreational Use of Land
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Terms Used In Alabama Code > Title 35 > Chapter 15 > Article 2 - Limitation of Liability for Non-Commercial Public Recreational Use of Land
- 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.
- following: means next after. See Alabama Code 1-1-1
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- property: includes both real and personal property. See Alabama Code 1-1-1