California Codes > Government Code > Title 7.8 > Chapter 3 > Article 3 – General Powers
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In California Codes > Government Code > Title 7.8 > Chapter 3 > Article 3 - General Powers
- 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.
- Devise: To gift property by will.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: All property that is not real property.
- Plaintiff: The person who files the complaint in a civil lawsuit.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- State: means the State of California, unless applied to the different parts of the United States. See California Government 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