South Carolina Code 12-54-10. Definitions
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 12-54-10
- 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.
- Fiduciary: A trustee, executor, or administrator.
- individual: means a human being. See South Carolina Code 12-2-20
- Trustee: A person or institution holding and administering property in trust.
The word "person" or "taxpayer", for the purpose of this chapter, unless otherwise required by the text, includes any individual, firm, partnership, limited liability company, association, corporation, receiver, trustee, fiduciary, or any other group or combination acting as a unit and the State or any agency or instrumentality, authority, or political subdivision thereof, including municipalities. "Department" means the South Carolina Department of Revenue.