Terms Used In California Codes > Civil Code > Division 2 > Part 2 > Title 2 > Chapter 2.7 > Article 10 - Cooperatives and Condominiums

• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• 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.
• Ownership or management: means the ownership or management of a cooperative or condominium for floating homes. See California Civil Code 800.300
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Resident: means a person who maintains a residence in a cooperative or condominium for floating homes. See California Civil Code 800.300
• will: includes codicil. See California Civil Code 14