California Codes > Corporations Code > Title 4 > Division 3 > Chapter 3 – Licensing
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Terms Used In California Codes > Corporations Code > Title 4 > Division 3 > Chapter 3 - Licensing
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the governing board of the Baldwin Hills and Urban Watersheds Conservancy. See California Public Resources Code 32553
- Conservancy: means the Baldwin Hills and Urban Watersheds Conservancy. See California Public Resources Code 32553
- Deed: The legal instrument used to transfer title in real property from one person to another.
- department: whenever used in this code , unless the context otherwise requires, means the State Department of Education. See California Education Code 89
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
- Nonprofit organization: means an exempt organization under Section 501(c)(3) of the Internal Revenue Code. See California Public Resources Code 32553
- Notice: includes all papers and orders required to be served in any proceedings before any court, board, or officer, or when required by law to be served independently of such proceeding. See California Government Code 26660
- Person: includes a corporation as well as a natural person. See California Corporations Code 18
- State: means the State of California, unless applied to the different parts of the United States. See California Education Code 77
- Territory: means the land in the Baldwin Hills, southern Ballona Creek Watershed, and Upper Dominguez Channel area that is under the jurisdiction of the conservancy. See California Public Resources Code 32553
- Town: includes "unincorporated town" and "village. See California Government Code 21
- Upper Dominguez Channel: means an approximately 33-square-mile portion of the area of land with the hydrologic unit code of 180701060101 including the Laguna Dominguez Trail, a one-mile long portion of the flood protection channel that drains the Los Angeles basin. See California Public Resources Code 32553