2

As used in this chapter: 1. The term 'joint stock association' includes every unincorporated joint stock association, company or enterprise having written articles of association and capital stock divided into shares, but does not include a corporation or a business trust. 2. The term 'business trust' means any association operating a business under a written instrument or declaration of trust, the beneficial interest under which is divided into shares represented by certificates. 3. The term 'stockholder' means every member of a joint stock association. 4. The term 'association,' as used in article four of this chapter, means a joint stock association or a business trust as defined in this section.