Washington Code > Chapter 19.275 – Antipyramid promotional scheme act
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§ 19.275.010 | Findings |
§ 19.275.020 | Definitions |
§ 19.275.030 | Pyramid scheme — Prohibition |
§ 19.275.040 | Application of the consumer protection act |
§ 19.275.900 | Short title — 2006 c 65 |
Terms Used In Washington Code > Chapter 19.275 - Antipyramid promotional scheme act
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- 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