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Terms Used In New Jersey Statutes 52:27H-22.8

  • 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.
2. As used in this act:

“Board” means the board of directors of the corporation.

“Clients” mean eligible businesses which utilize the services of the corporation.

“Commissioner” means the Commissioner of Commerce and Economic Development.

“Corporation” means an export trading corporation certified pursuant to section 3 of this act.

“Department” means the Department of Commerce and Economic Development.

“Eligible business” means a business located in New Jersey which is a new entrant into an export market with little or no export experience and which can reasonably be determined to be able to sustain and expand its export capability after using the services of a corporation.

“Export trade” means trade or commerce in goods or services which are exported or in the course of being exported through any port in the United States directly to a foreign country.

L.1995,c.275,s.2.