Virginia Code 45.2-2108: Definitions.
Current as of: 2024 | Check for updates
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As used in this article, unless the context requires a different meaning:
Terms Used In Virginia Code 45.2-2108
- 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.
“Exploration activity” means and is limited to the drilling of test holes or stratigraphic or core holes of a depth in excess of 50 feet for the purpose of determining the location, quantity, or quality of uranium ore.
“Person” means any individual, firm, corporation, partnership, association, or other legal entity.
“Usable quality water” means groundwater that is used or can be used for a beneficial purpose, including a domestic, livestock, or irrigation use.
1982, c. 269, § 45.1-273; 1984, c. 590; 2021, Sp. Sess. I, c. 387.