Minnesota Statutes 55.01 – Definitions
Subdivision 1.Scope.
Unless the language or context clearly indicates that a different meaning is intended, the following words, terms, and phrases shall, for the purposes of the laws of this state, be given the meanings subjoined to them.
Subd. 2.Safe deposit box.
Terms Used In Minnesota Statutes 55.01
- 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.
- 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: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
- Personal property: All property that is not real property.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
Terms Used In Minnesota Statutes 55.01
- 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.
- 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: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
- Personal property: All property that is not real property.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
The words “safe deposit box” mean any box, safe, safe deposit box, receptacle, or any part or parts thereof, and any space in a vault, which may be used for the safekeeping and storage of valuable personal property.
Subd. 3.Valuable personal property.
The words “valuable personal property” mean jewelry, plate, money, specie, bullion, stocks, bonds, valuable papers, or other personal property of value.
Subd. 4.Person.
“Person” means an individual, partnership, unincorporated association or a corporation. “It” includes “he,” “she,” and “they.”
Subd. 5.Safe deposit company.
“Safe deposit company” means any person who lets out or rents, as lessor, for hire, safe deposit boxes, or space therein.