63E-1-401. Definitions.
As used in this part:
(1) "Asset" means property of all kinds, real and personal, tangible and intangible, and includes: cash, except reasonable compensation or salary for services rendered; stock or other investments; goodwill; real property; an ownership interest; a license; a cause of action; and any similar property.
(2) "Business interest" means: holding the position of trustee, director, officer, or other similar position with a business entity; or the ownership, either legally or equitably, of at least 10% of the outstanding shares of a corporation or 10% interest in any other business entity, being held by: an individual; the individual's spouse; a minor child of the individual; or any combination of Subsectionsthrough. (2)(b)(i) (iii)
(3) "Interested party" means a person that held or holds the position of trustee, director, officer, or other similar position with an independent entity within: five years prior to the date of an action described in Subsection; or (5) during the privatization of an independent entity.
(4) "Lobbyist" is a person that provided or provides services as a lobbyist, as defined in Section, within: 36-11-102 five years prior to the date of an action described in Subsection; or (5) during the privatization of an independent entity.
(5) "Privatized" means an action described in Subsectiontaken under circumstances in which the operations of the independent entity are continued by a successor entity that: (5)(b) is privately owned; is unaffiliated to the state; and receives any asset of the independent entity. An action referred to in Subsectionincludes: (5)(a) the repeal of the authorizing statute of an independent entity and the revision to state laws to terminate the relationship between the state and the independent entity; the dissolution of the independent entity; the merger or consolidation of the independent entity with another entity; or the sale of all or substantially all of the assets of the independent entity.