Terms Used In California Codes > Financial Code > Division 1.1 > Chapter 5 > Article 5 - Directors

• 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.
• Flavored olive oil: as used in this chapter , means extra virgin olive oil, virgin olive oil, or olive oil, that is mixed with a flavoring, or olives that are processed into oil with any fruit, vegetable, herb, nut, seed, or spice and the product resulting from either process contains not less than 90 percent extra virgin olive oil, virgin olive oil, or olive oil, and is labeled for sale as an olive oil that has been flavored. See California Health and Safety Code 112878
• Imitation olive oil: as used in this chapter , means the mixture of any edible oil artificially colored or flavored to resemble olive oil. See California Health and Safety Code 112879
• Olive oil: as used in this chapter means the edible oil obtained solely from the fruit of the olive tree (Olea europea L. See California Health and Safety Code 112875