New Hampshire Revised Statutes 358-J:1 – Definitions
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As used in this chapter:
I. “Buying club” means any person, corporation, unincorporated association, or other organization which for a consideration provides or purports to provide its members or the members of any other buying club with the ability to purchase goods or services at discount prices; except that such organization shall not include any buying club in which persons receive discount buying services incidentally as part of a package or services provided to, or available to, such individuals on account of membership in such organization which is not organized for the profit of any person or corporation or which does not have as one of its primary purposes or businesses the provision of discount buying services.
II. “Club” means buying club.
III. “Contract” means any oral or written agreement by which one becomes a member of a club.
IV. “Member” or “membership” means a status by which any natural person is entitled to any of the benefits of a club.
V. “Prepayment” means any payment for service or merchandise made before the service is rendered or the merchandise is received. It is not a prepayment if a payment for service is made on the same day the service is rendered. Money received by a club from a financial institution upon assignment of a contract shall be considered prepayment when and to the extent the member is required to make prepayments to the financial institution pursuant to the contract.
I. “Buying club” means any person, corporation, unincorporated association, or other organization which for a consideration provides or purports to provide its members or the members of any other buying club with the ability to purchase goods or services at discount prices; except that such organization shall not include any buying club in which persons receive discount buying services incidentally as part of a package or services provided to, or available to, such individuals on account of membership in such organization which is not organized for the profit of any person or corporation or which does not have as one of its primary purposes or businesses the provision of discount buying services.
Terms Used In New Hampshire Revised Statutes 358-J:1
- Buying club: means any person, corporation, unincorporated association, or other organization which for a consideration provides or purports to provide its members or the members of any other buying club with the ability to purchase goods or services at discount prices; except that such organization shall not include any buying club in which persons receive discount buying services incidentally as part of a package or services provided to, or available to, such individuals on account of membership in such organization which is not organized for the profit of any person or corporation or which does not have as one of its primary purposes or businesses the provision of discount buying services. See New Hampshire Revised Statutes 358-J:1
- Club: means buying club. See New Hampshire Revised Statutes 358-J:1
- Contract: A legal written agreement that becomes binding when signed.
- Contract: means any oral or written agreement by which one becomes a member of a club. See New Hampshire Revised Statutes 358-J:1
- 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.
- Member: or "membership" means a status by which any natural person is entitled to any of the benefits of a club. See New Hampshire Revised Statutes 358-J:1
- membership: means a status by which any natural person is entitled to any of the benefits of a club. See New Hampshire Revised Statutes 358-J:1
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- Prepayment: means any payment for service or merchandise made before the service is rendered or the merchandise is received. See New Hampshire Revised Statutes 358-J:1
II. “Club” means buying club.
III. “Contract” means any oral or written agreement by which one becomes a member of a club.
IV. “Member” or “membership” means a status by which any natural person is entitled to any of the benefits of a club.
V. “Prepayment” means any payment for service or merchandise made before the service is rendered or the merchandise is received. It is not a prepayment if a payment for service is made on the same day the service is rendered. Money received by a club from a financial institution upon assignment of a contract shall be considered prepayment when and to the extent the member is required to make prepayments to the financial institution pursuant to the contract.