California Business and Professions Code 1201 – As used in this chapter, “person” includes firm, association, …
Current as of: 2024 | Check for updates
|
Other versions
As used in this chapter, “person” includes firm, association, partnership, individual, limited liability company, and corporation.
(Amended by Stats. 1994, Ch. 1010, Sec. 4. Effective January 1, 1995.)
Terms Used In California Business and Professions Code 1201
- 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.
- 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.