Terms Used In Kansas Statutes 66-532

• 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.
• Good faith: means honesty in fact in the conduct of the transaction concerned;

  (b) "improvement" means any public grain warehouse, building or other structure permanently affixed to railroad land;

  (c) "lease" means any agreement between a railroad and a tenant, under the terms of which a tenant occupies the surface of railroad land, which shall include track leases when the railroad is a class II or class III railroad as defined in 49 C. See Kansas Statutes 66-532

• 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: includes an individual, corporation, government, governmental subdivision or agency, business trust, estate, trust, partnership, limited liability company, association or any other legal or commercial entity and any successor or successors in interest thereto;

  (e) "public grain warehouse" means any public warehouse or public grain warehouse, as defined in Kan. See Kansas Statutes 66-532

• public grain warehouse: means any public warehouse or public grain warehouse, as defined in Kan. See Kansas Statutes 66-532
• railroad: means any railroad company as defined in Kan. See Kansas Statutes 66-532
• railroad land: means any land acquired by a railroad in strips for right-of-way and any parcel or tract acquired by a railroad adjacent to its right-of-way, to aid in the construction, maintenance and accommodation of its railway and which is occupied pursuant to a lease by a tenant who owns improvements thereon;

  (h) "railroad operations" means the movement, storage or servicing of railroad equipment used for transporting persons or freight;

  (i) "successor in interest" includes any agent, successor, assignee, trustee, receiver or other person acquiring interests or rights in railroad land, including, but not limited to, the owner or holder of any servient estate or right of reversion relating to railroad land; and

  (j) "tenant" means any public warehouseman, as defined in Kan. See Kansas Statutes 66-532

• Trustee: A person or institution holding and administering property in trust.