§ 7-49.5-103 — Definitions

Colorado § 7-49.5-103

• Jurisdiction: Colorado
• Title 07: Corporations
• Art.: Foreign-trade Zones

Text

As used in this article, unless the context otherwise
requires:

(1) Act means the congressional act commonly known as the Foreign-trade Zones Act of 1934, 19 U.S.C. sec. 81.

(2) Corporation means a public corporation or a private corporation.

(3) Foreign merchandise means merchandise of any class that would be
subject to United States customs law if and when entered into United States
customs territory.

(4) Foreign-trade zone means a foreign-trade zone established under a
grant of privilege from the foreign-trade zones board, as defined in the act, and
includes foreign-trade subzones as designated by the United States department of
commerce.

(5) Private corporation means any corporation (other than a public
corporation) formed for the purpose of establishing, operating, and maintaining a
foreign-trade zone in the state of Colorado under this article, in accordance with
the act.

(6) Public corporation means the state of Colorado, any political
subdivision, municipality, or city and county thereof, any public agency of the state
of Colorado, any political subdivision, municipality, or city and county thereof, or
any corporate municipal instrumentality of the state of Colorado or of the state of
Colorado and one or more other states.

Legislative History

Source: L. 80: Entire article added, p. 447, � 1, effective March 26. L. 2003: (3) and (5) amended, p. 2211, � 37, effective July 1, 2004.