§ 55-1501 Definitions
§ 55-1502 Equipment dealers; records required; penalties for violations
§ 55-1503 Carriers required to permit inspection of cargo; penalties for violations
§ 55-1504 Person possessing crude oil; documentation required; penalties for violations
§ 55-1505 Tampering with field equipment identification; penalties for violations
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Terms Used In Kansas Statutes > Chapter 55 > Article 15 - Regulations Concerning Field Equipment, Crude Oil and Related Products

  • Carrier: means a common carrier which is certified under Kan. See Kansas Statutes 55-1501
  • 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.
  • Dealer: means any person engaged in the business of dealing in used oil or gas field equipment. See Kansas Statutes 55-1501
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • 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.
  • Person: means any individual, partnership, corporation or association. See Kansas Statutes 55-1501
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201