Terms Used In North Carolina General Statutes > Chapter 153A > Article 14 - Libraries

• City: means a city as defined by N. See North Carolina General Statutes 153A-1
• Contract: A legal written agreement that becomes binding when signed.
• County: means any one of the counties listed in N. See North Carolina General Statutes 153A-1
• Devise: To gift property by will.
• following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Grantor: The person who establishes a trust and places property into it.
• 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}
• Local act: means an act of the General Assembly that applies to one or more specific counties, cities, or counties and cities by name. See North Carolina General Statutes 153A-1
• property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
• Trustee: A person or institution holding and administering property in trust.
• Trustor: The person who makes or creates a trust. Also known as the grantor or settlor.