Terms Used In California Codes > Public Resources Code > Division 10.5 > Chapter 1 > Article 2 - Findings and Declarations

• board: means the California Department of Tax and Fee Administration. See California Revenue and Taxation Code 20
• Legacy: A gift of property made by will.
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• partnership: shall include limited liability company, registered limited liability partnership, and foreign limited liability partnership, except where the context or the specific provisions of this division otherwise require. See California Revenue and Taxation Code 28.5
• Person: includes any person, firm, partnership, general partner of a partnership, limited liability company, registered limited liability partnership, foreign limited liability partnership, association, corporation, company, syndicate, estate, trust, business trust, or organization of any kind. See California Revenue and Taxation Code 19
• Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.