Louisiana Revised Statutes > Title 48 > Chapter 16 – Southern Rapid Rail Transit Compact
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Terms Used In Louisiana Revised Statutes > Title 48 > Chapter 16 - Southern Rapid Rail Transit Compact
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
- Juror: A person who is on the jury.
- Oath: A promise to tell the truth.
- Quorum: The number of legislators that must be present to do business.
- Statute: A law passed by a legislature.