Florida Statutes 606.03 – Definitions
Current as of: 2024 | Check for updates
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Terms Used In Florida Statutes 606.03
- 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.
- 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.
As used in this act:
(1) “Business entity” means any form of corporation, partnership, association, cooperative, joint venture, business trust, or sole proprietorship that conducts business in this state.
(2) “Department” means the Department of State.
(3) “Master business index” means that database maintained by the department which indexes all business entity records maintained by any state government agency.
(4) “Participating agency” means an agency of government which elects to participate in the exchange of information through the master business index.
(5) “Single business identifier” means the unique record number assigned to a business entity by the department in compliance with the provisions of this act.
(6) “State agency” means any state government agency, department, or commission which has jurisdiction over business entities.
(7) “Uniform business report” means an information gathering document distributed by the department to collect or update current data for the master business index.