Hawaii Revised Statutes 145-21 – Definitions
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Terms Used In Hawaii Revised Statutes 145-21
- 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.
For purposes of this part:
“Agricultural commodity” means any fruit, nut, or vegetable that is the food product of any tree, vine, or plant, or any aquacultural, horticultural, silvicultural, or floricultural product.
“Person” means any individual, firm, corporation, partnership, or association.