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HomeFinancial CodeDiv. 2Ch. 1Art. 2§ 5113 Definition Of Person

§ 5113 Definition Of Person

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 5113 Definition Of Person

Key Takeaways

  • •This law defines who counts as a 'person' in legal terms.
  • •A 'person' can be one human or a group of people working together.
  • •It includes companies, groups, or any organized team, even if they're not officially registered.

Example

You and your friends start a small business selling lemonade.

Even if you're not a big company, your lemonade stand is considered a 'person' under this law because you're an organized group working together.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 5113 Definition Of Person

“Person” means any individual, domestic, or foreign corporation, entity, voting trust, business trust, partnership, limited liability company, association, syndicate, organized group of persons, or similar organization, group or entity, whether incorporated or not. (Amended by Stats. 1994, Ch. 1010, Sec. 113. Effective January 1, 1995.)

Last verified: January 23, 2026

Key Terms

corporationliabilitypartnershipllcin californiaassociationorganization

Related Statutes

  • § 30003 Definition Of Person
  • § 31048 Definition Of Person
  • § 23008 Applicant Background Investigation Requirements
  • § 4805.03 Definition Of California
  • § 4805.07 Federal Depository Corporation Definition

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 5113.
View Official Source