Missouri Laws 416.021 – Definitions
Current as of: 2023 | Check for updates
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Unless a different meaning is clearly indicated by the context, for the purposes of sections 416.011 to 416.161:
(1) “Commodity” means any kind of real, personal or mixed property, but does not include the labor of a human being;
Terms Used In Missouri Laws 416.021
- 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.
- Property: includes real and personal property. See Missouri Laws 1.020
(2) “Person” means any individual, corporation, firm, partnership, incorporated or unincorporated association or any other legal or commercial entity;
(3) “Service” means any kind of activity performed in whole or in part for financial gain but does not include labor which is performed by individuals as employees of others;
(4) “Trade or commerce” means any economic activity involving or relating to any commodity or service.