Louisiana Revised Statutes > Title 48 > Chapter 21-A – Creole Nature Trail Scenic Byway District
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Terms Used In Louisiana Revised Statutes > Title 48 > Chapter 21-A - Creole Nature Trail Scenic Byway District
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Ex officio: Literally, by virtue of one's office.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.