Kansas Statutes 40-298. Sale of insurance in connection with sale and financing of automobile; definitions
Terms Used In Kansas Statutes 40-298
- Automobile dealer: means a new vehicle dealer or a used vehicle dealer as defined by Kan. See Kansas Statutes 40-298
- 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.
- Dealer: means any automobile dealer or lending agency;
(d) "Lending agency" means any person engaged in the business of financing or lending money to any person to be used in the purchase or financing of a motor vehicle; and
(e) "Person" means any individual, partnership, corporation or other association of persons. See Kansas Statutes 40-298
- 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: means any individual, aggregation of individuals, trust, association, partnership or corporation, or any affiliate thereof. See Kansas Statutes 40-222f
As used in this act, the following words and phrases shall have the meanings respectively ascribed to them herein:
(a) “Automobile dealer” means a new vehicle dealer or a used vehicle dealer as defined by Kan. Stat. Ann. § 8-126, and amendments thereto;
(b) “Automobile” means a passenger vehicle as defined by Kan. Stat. Ann. § 8-126, and amendments thereto;
(c) “Dealer” means any automobile dealer or lending agency;
(d) “Lending agency” means any person engaged in the business of financing or lending money to any person to be used in the purchase or financing of a motor vehicle; and
(e) “Person” means any individual, partnership, corporation or other association of persons.