Terms Used In California Codes > Financial Code > Division 5 > Chapter 12 > Article 6 - Conduct of Credit Union Business

• Act: means the California Stem Cell Research and Cures Bond Act constituting Chapter 3 (commencing with Section 125290. See California Health and Safety Code 125291.15
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Committee: means the California Stem Cell Research and Cures Finance Committee created pursuant to subdivision (a) of Section 125291. See California Health and Safety Code 125291.15
• Facilities: means buildings, building leases, or capital equipment. See California Health and Safety Code 125292.10
• Forbearance: A means of handling a delinquent loan. A
• Fund: means the California Stem Cell Research and Cures Fund created pursuant to Section 125291. See California Health and Safety Code 125291.15
• Grant: means a grant, loan, or guarantee. See California Health and Safety Code 125292.10
• Grantee: means a recipient of a grant from the institute. See California Health and Safety Code 125292.10
• Institute: means the California Institute for Regenerative Medicine. See California Health and Safety Code 125292.10
• institute: means the California Institute for Regenerative Medicine designated in accordance with subdivision (b) of Section 125291. See California Health and Safety Code 125291.15
• Interim debt: means any interim loans pursuant to Sections 125291. See California Health and Safety Code 125291.15
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Lien: A claim against real or personal property in satisfaction of a debt.
• National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. ^{Source: OCC}
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Person: includes any person, firm, partnership, association, corporation, company, limited liability company, syndicate, estate, trust, business trust, or organization of any kind. See California Financial Code 18
• State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
• Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
• Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. ^{Source: OCC}
• Writ: A formal written command, issued from the court, requiring the performance of a specific act.