California Codes > Probate Code > Division 9 > Part 6 > Chapter 1 – Liability of Trustee to Third Persons
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Terms Used In California Codes > Probate Code > Division 9 > Part 6 > Chapter 1 - Liability of Trustee to Third Persons
- County: includes city and county. See California Water Code 14
- land: includes city and town lots and excepts improvements. See California Water Code 25500
- 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.
- Person: means any person, firm, association, organization, partnership, business trust, corporation, limited liability company, or company. See California Water Code 19
- 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
- Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
- Trust: includes the following:
California Probate Code 82
- Trustee: includes an original, additional, or successor trustee, whether or not appointed or confirmed by a court. See California Probate Code 84
- Trustee: A person or institution holding and administering property in trust.