Last reviewed 08-20-2026Short-Sale.com Editorialglossary

CORPORATION

California Department of Real Estate

Updated 08-20-2026

CORPORATION

An entity established and treated by law as an individual or unit with rights and liabilities, or both, distinct and apart from those of the persons composing it. A corporation is a creature of law having certain powers and duties of a natural person. Being created by law it may continue for any length of time the law prescribes.

California Department of Real Estate Glossary

California Department of Real Estate · p. 10

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