California Codes > Probate Code > Division 2 > Part 6 > Chapter 1 – Intestate Distribution System
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| § 240 | If a statute calls for property to be distributed or taken in the … |
| § 241 | Section 240 does not apply where the death of the decedent in the … |
Terms Used In California Codes > Probate Code > Division 2 > Part 6 > Chapter 1 - Intestate Distribution System
- Decedent: A deceased person.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Intestate: Dying without leaving a will.
- Property: means anything that may be the subject of ownership and includes both real and personal property and any interest therein. See California Probate Code 62
- Statute: A law passed by a legislature.
- Testator: A male person who leaves a will at death.
- Transferor: means the testator, settlor, grantor, owner, or other person who executes an instrument. See California Probate Code 81