Connecticut General Statutes 35-25 – Definitions
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As used in this chapter, unless the context indicates otherwise:
Terms Used In Connecticut General Statutes 35-25
- 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.
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
- 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.
- Trade or commerce: means intrastate as well as interstate trade or commerce. See Connecticut General Statutes 35-25
(a) “Commodity” means any goods, merchandise, wares, produce, chose in action, patents, trade marks, land articles of commerce, or any other tangible or intangible property, real, personal, or mixed, for use, consumption, enjoyment, or resale;
(b) “Person” means any individual, proprietorship, corporation, limited liability company, firm, partnership, incorporated and unincorporated association, or any other legal or commercial entity;
(c) “Trade or commerce” means intrastate as well as interstate trade or commerce.