Terms Used In North Carolina General Statutes > Chapter 119 > Article 2A - Regulation of Rerefined or Reprocessed Oil

• 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.
• Lubricating oil: means any oil classified for the use in an internal combustion engine, hydraulic system, gear box, differential, or wheel bearings. See North Carolina General Statutes 119-13.1
• Recycled oil: means any oil prepared from used oil for energy recovery or reuse as a petroleum product by reclaiming, reprocessing, rerefining, or other means that use properly treated used oil as a substitute for petroleum products. See North Carolina General Statutes 119-13.1
• Rerefined oil: means used oil that is refined to remove the physical and chemical contaminants acquired through use and that, by itself or when blended with new lubricating oil or additives, meets applicable American Petroleum Institute (A. See North Carolina General Statutes 119-13.1
• Specifications: means the minimum chemical properties or analysis as determined by the American Society for Testing Materials (A. See North Carolina General Statutes 119-13.1
• state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
• Used oil: means any oil that has been refined from crude or synthetic oil and, as a result of use, storage, or handling becomes unsuitable for its original purpose due to the loss of its original properties or the presence of impurities, but that may be rerefined for further use. See North Carolina General Statutes 119-13.1