As used in this chapter, “person” includes any individual, partnership, firm, association, or corporation.

(Added by Stats. 1970, Ch. 664.)

Terms Used In California Business and Professions Code 17506

  • 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.
  • 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.