Washington Code 19.116.020 – Definitions
Current as of: 2023 | Check for updates
|
Other versions
The definitions set forth in this section apply throughout this chapter, unless the context requires otherwise:
Terms Used In Washington Code 19.116.020
- 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.
(1) “Debtor” has the meaning set forth in RCW 62A.9A-102.
(2) “Motor vehicle” means a vehicle required to be registered under chapter 46.16A RCW.
(3) “Person” means an individual, company, firm, association, partnership, trust, corporation, or other legal entity.
(4) “Security agreement” has the meaning set forth in RCW 62A.9A-102.
(5) “Security interest” has the meaning set forth in *RCW 62A.1-201(37).
(6) “Secured party” has the meaning set forth in RCW 62A.9A-102.
NOTES:
*Reviser’s note: RCW 62A.1-201 was amended by 2012 c 214 § 109, changing subsection (37) to subsection (35).
Intent—Effective date—2011 c 171: See notes following RCW 4.24.210.