Terms Used In Minnesota Statutes > Chapter 47 > VIOLATIONS

• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Minority: means with respect to an individual the period of time during which the individual is a minor. See Minnesota Statutes 645.451
• state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44