Vermont Statutes Title 9 Sec. 4021
Terms Used In Vermont Statutes Title 9 Sec. 4021
- 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: refers to any individual, partnership, corporation, association, or other organization. See
§ 4021. Definitions
As used in this chapter:
(1) “Person” refers to any individual, partnership, corporation, association, or other organization.
(2) “Trading stamp” refers to any stamp or similar device issued in connection with the retail sale of merchandise or service, as a cash discount or for any other marketing purpose, that entitles the rightful holder, on its due presentation for redemption, to receive merchandise, service, or cash. This term, however, shall not mean any redeemable device used by the manufacturer or packer of an article in advertising or selling it.
(3) “Trading stamp company” refers to any person engaged in distributing trading stamps for retail issuance by others, or in redeeming trading stamps for retailers, in any way or under any guise. (Added 1959, No. 240, § 1, eff. Sept. 1, 1959.)