Swine Facility Improvement Definitions Continued

Corporation

Corporation means a domestic or foreign corporation organized for profit or nonprofit purposes.

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Farming

Farming means the cultivation of land for the production of agricultural crops, the raising of poultry, the production of eggs, the production of milk, the production of fruit or other horticultural crops, grazing or the production of livestock. Farming does not include the production of timber, forest products, nursery products or sod, and farming does not include a contract to provide spraying, harvesting or other farm services.

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Agricultural Land

Agricultural land means land suitable for use in farming.

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Fiduciary Capacity

Fiduciary capacity means an undertaking to act as executor, administrator, guardian, conservator, trustee for a family trust, authorized trust or testamentary trust or receiver or trustee in bankruptcy.

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Nonprofit Corporation

Nonprofit corporation means a corporation organized not for profit and which qualifies under section 501(c)(3) of the federal internal revenue code of 1986 as amended.

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Limited Liability Company

Limited liability company or company means a limited liability company organized and existing under the Kansas limited liability company act.

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Corporate Partnership

Corporate partnership means a partnership as defined in K.S.A. 56a-101, and amendments thereto, which has within the association one or more corporations or one or more limited liability companies.

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Limited Partnership

Limited partnership and domestic limited partnership mean a partnership formed by two or more persons under the laws of the state of Kansas and having one or more general partners and one or more limited partners.

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Trust

Trust means a fiduciary relationship with respect to property, subjecting the person by whom the property is held to equitable duties to deal with the property for the benefit of another person, which arises as a result of a manifestation of an intention to create it. A trust includes a legal entity holding property as trustee, agent, escrow agent, attorney-in-fact and in any similar capacity.

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K.S.A. 56a-101

A partnership is an association of two or more persons to carry on as co-owners a business for profit.

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General Partner

General partner means a person who has been admitted to a limited partnership as a general partner in accordance with the partnership agreement and so named in the certificate of limited partnership or similar instrument of the state or foreign country under which the limited partnership is organized if so required.

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Limited Partner

Limited partner means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement.

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