California Codes > Financial Code > Division 1.1 > Chapter 14 > Article 1 – General Provisions
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In California Codes > Financial Code > Division 1.1 > Chapter 14 > Article 1 - General Provisions
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- 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.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.