California Codes > Streets and Highways Code > Division 16 > Part 1 > Chapter 19 – Emergency Bonds
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Terms Used In California Codes > Streets and Highways Code > Division 16 > Part 1 > Chapter 19 - Emergency Bonds
- 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.
- County: includes "city and county. See California Welfare and Institutions Code 14
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Irrevocable trust: A trust arrangement that cannot be revoked, rescinded, or repealed by the grantor.
- Person: means any person, firm, partnership, association, corporation, organization, limited liability company, or business trust. See California Streets and Highways Code 19
- Trustee: A person or institution holding and administering property in trust.