Kansas Statutes 74-8319. Same; definitions
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Kansas Statutes 74-8319
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Statute: A law passed by a legislature.
For purposes of this act:
(a) “Department” means the department of commerce;
(b) “fund” means any venture-capital fund whether organized as a corporation, partnership, limited partnership, limited liability company or other business entity, as well as any separately organized entity, which manages any such fund;
(c) “fund manager” means any person or persons, approved by the secretary, legally responsible for the investment and management of a fund’s assets pursuant to statute or contract; and
(d) “secretary” means the secretary of commerce.