Terms Used In Louisiana Codes > Code of Civil Procedure > BOOK IX > Title II - Definitions

• 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.
• Decedent: A deceased person.
• Executor: A male person named in a will to carry out the decedent
• 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.
• Probate: Proving a will
• Trustee: A person or institution holding and administering property in trust.
• Venue: The geographical location in which a case is tried.