California Civil Code 682 – The ownership of property by several persons is either:(a) Of …
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The ownership of property by several persons is either:
(a) Of joint interest.
Terms Used In California Civil Code 682
- 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 property real and personal. See California Civil Code 14
(b) Of partnership interests.
(c) Of interests in common.
(d) Of community interest of spouses.
(Amended by Stats. 2016, Ch. 50, Sec. 7. (SB 1005) Effective January 1, 2017.)