Terms Used In Alabama Code > Title 45 > Chapter 9 > Article 17 > Part 1 > Division 4 - Sepitic Tanks

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Chambers: A judge's office.
• 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.
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• property: includes both real and personal property. See Alabama Code 1-1-1
• state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1