Kansas Statutes 74-8202. Definitions
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Terms Used In Kansas Statutes 74-8202
- 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 the purposes of this act, the following terms shall have the meanings provided herein:
(a) “Department” means the department of commerce.
(b) “Kansas business” means any small business owned by an individual, any partnership, association or corporation domiciled in Kansas, or any corporation, even if a wholly owned subsidiary of a foreign corporation, that does business primarily in Kansas or does substantially all of its production in Kansas.
(c) “Secretary” means the secretary of the department of commerce.