Alabama Code 16-63-3. Definitions
Current as of: 2024 | Check for updates
|
Other versions
As used in this chapter, the following words shall have the meanings respectively ascribed to them unless the context clearly indicates otherwise:
Terms Used In Alabama Code 16-63-3
- following: means next after. See Alabama Code 1-1-1
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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.