California Codes > Public Resources Code > Division 30 > Part 3 > Chapter 8.7 > Article 2 – Definitions
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§ 42493 | For the purposes of this chapter, the following terms have the … |
Terms Used In California Codes > Public Resources Code > Division 30 > Part 3 > Chapter 8.7 > Article 2 - Definitions
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- 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
- 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.
- State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23