North Carolina General Statutes 58-29-5. Definitions
Current as of: 2023 | Check for updates
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As used in this Article:
(1) “Residents” shall mean and include person, partnership or corporation, domestic, alien or foreign.
(2) “Unfair Trade Practice Act” shall mean Article 63 of this Chapter. (1965, c. 910.)
Terms Used In North Carolina General Statutes 58-29-5
- 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.