California Corporations Code 10007 – Every corporation sole may:(a) Sue and be sued, and defend, in …
Every corporation sole may:
(a) Sue and be sued, and defend, in all courts and places, in all matters and proceedings whatever.
Terms Used In California Corporations Code 10007
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: includes a corporation as well as a natural person. See California Corporations Code 18
- Personal property: All property that is not real property.
(b) Contract in the same manner and to the same extent as a natural person, for the purposes of the trust.
(c) Borrow money, and give promissory notes therefor, and secure the payment thereof by mortgage or other lien upon property, real or personal.
(d) Buy, sell, lease, mortgage, and in every way deal in real and personal property in the same manner that a natural person may, without the order of any court.
(e) Receive bequests and devises for its own use or upon trusts to the same extent as natural persons may, subject, however, to the laws regulating the transfer of property by will.
(f) Appoint attorneys in fact.
(Enacted by Stats. 1947, Ch. 1038.)