Delaware Code Title 7 Sec. 3702 – Definitions
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For the purposes of this chapter, unless otherwise specifically defined, or another intention clearly appears, or the context requires a different meaning:
(1) “Other states of the United States” includes Puerto Rico.
(2) “Person” includes an individual, corporation, partnership, firm, statutory trust, business trust, joint-stock company, association, syndicate, group, pool, joint venture and any other unincorporated association or group.
(3) “University” means the University of Delaware.
41 Del. Laws, c. 175, §§ ?3, 4; 7 Del. C. 1953, § ?3702; 73 Del. Laws, c. 329, § ?42;
Terms Used In Delaware Code Title 7 Sec. 3702
- 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.
- 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.