New Jersey Statutes 34:1B-95. Definitions
Terms Used In New Jersey Statutes 34:1B-95
- 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.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
“Authority” means the New Jersey Economic Development Authority, established pursuant to section 4 of P.L.1974, c.80 (C. 34:1B-4).
“Commissioner” means the Commissioner of Commerce and Economic Development.
“Department” means the Department of Commerce and Economic Development.
“Export financing company” means a private corporation or limited liability company incorporated or organized for the purpose of financing the export activities of small or medium-sized businesses.
“Limited liability company” means a company organized pursuant to the “New Jersey Limited Liability Company Act,” P.L.1993, c.210 (C. 42:2B-1 et seq.).
“Small or medium-sized business” means a business enterprise, which has its principal place of business in this State, is independently owned and operated as a sole proprietorship, partnership, corporation, or limited liability company with a level of gross income from operations defined by the authority as a small or medium-sized business.
L.1995,c.209,s.3; amended 1999, c.38, s.2.