California Codes > Business and Professions Code > Division 9 > Chapter 2 – Authorized Unlicensed Transactions and Exemptions
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Terms Used In California Codes > Business and Professions Code > Division 9 > Chapter 2 - Authorized Unlicensed Transactions and Exemptions
- Bequest: Property gifted by will.
- District governing board: includes the Board of Governors of the California Community Colleges, unless the context requires otherwise. See California Education Code 72670.5
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
- Subdivision: means a subdivision of the section in which that term occurs unless some other section is expressly mentioned. See California Food and Agricultural Code 49