Washington Code 88.02.310 – Definitions
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Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter.
Terms Used In Washington Code 88.02.310
- 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.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- 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: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
(1) “Dealer” means a person, partnership, association, or corporation engaged in the business of selling vessels at wholesale or retail in this state.
(2) “Department” means the department of licensing.
(3) “Director” means the director of the department of licensing.
(4) “Owner” means a person who has a lawful right to possession of a vessel by purchase, exchange, gift, lease, inheritance, or legal action whether or not the vessel is subject to a security interest, and means registered owner where the reference to owner may be construed as either to registered or legal owner.
(5) “Person” has the same meaning as in RCW 46.04.405.
(6) “Vessel” means every watercraft used or capable of being used as a means of transportation on the water, other than a seaplane.
(7) “Waters of this state” means any waters within the territorial limits of this state as described in 43 U.S.C. § 1312.
[ 2010 c 161 § 1001; 1983 c 7 § 14. Formerly RCW 88.02.010.]
NOTES:
Reviser’s note: The definitions in this section have been alphabetized pursuant to RCW 1.08.015(2)(k).
Effective date—Intent—Legislation to reconcile chapter 161, Laws of 2010 and other amendments made during the 2010 legislative session—2010 c 161: See notes following RCW 46.04.013.