Terms Used In Idaho Code > Title 25 > Chapter 34 - Pork Promotion Assessment Act

• 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.
• Month: means a calendar month, unless otherwise expressed. See Idaho Code 73-114
• 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: includes a corporation as well as a natural person;