Minnesota Statutes 117.50 – Definitions
Subdivision 1.Scope.
As used in sections 117.50 to 117.56, the terms defined in this section shall have the meanings given them.
Subd. 2.Person.
Terms Used In Minnesota Statutes 117.50
- 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.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
Terms Used In Minnesota Statutes 117.50
- 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.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
“Person” means any individual, partnership, corporation, or association.
Subd. 3.Displaced person.
“Displaced person” means any person who, notwithstanding the lack of federal financial participation, meets the definition of a displaced person under United States Code, title 42, §§ 4601 to 4655, and regulations adopted under those sections.
Subd. 4.Acquisition.
“Acquisition” includes:
(1) acquisition by eminent domain;
(2) acquisition by negotiation;
(3) programs of areawide systematic housing code enforcement; and
(4) demolition.
Subd. 5.Acquiring authority.
“Acquiring authority” includes:
(1) the state and every public and private body and agency thereof which has the power of eminent domain; and
(2) any acquiring authority carrying out an areawide systematic housing code enforcement program.