Adm 84.02(8)(8) “Bank signature card” means a card, issued by a financial institution, which bears the signature of the account holder and which documents the control of the business account within the financial institution. Adm 84.02(9)(9) “Beneficial ownership” means ownership of the rights in a business which are the normal incidents of owning a business; such as, the right to share in the profits and losses of the business. Adm 84.02(11)(11) “Business” means a sole proprietorship, partnership, corporation or joint venture organized on a for profit basis. Adm 84.02(12)(12) “Buyout agreement” means an agreement between or among part-owners of a business that, under stated conditions, the person withdrawing is legally obligated to sell his or her interest to the remaining part-owners. Adm 84.02(13)(13) “Capital contribution” means the cash or property contributed to a business and may include a financial investment in the business and the contribution of property, space, patents and copyrights. Adm 84.02(14)(14) “Certification” means the process by which a business is determined to be a minority business for the purpose of participating in the state’s minority business procurement program under s. 16.75 (3m), Stats., or other statutory minority business procurement program. Adm 84.02(15)(15) “Certification renewal” means the review of a minority business enterprise to determine whether or not its certification will be renewed. Adm 84.02(16)(16) “Conversion rights” means any agreement, option, scheme or documents that will create any rights which, if exercised, would result in less than 51% minority ownership of the business or less than dominant control by minority owners or both. Adm 84.02(17)(17) “Corporation” means a corporation organized for profit with capital stock. Adm 84.02(18)(18) “Decertification” means the process by which a minority business enterprise loses its certification. Adm 84.02(19)(19) “Department” means the department of administration. Adm 84.02(20)(20) “Firm which is in a substantially similar line of business” means a company which produces a product or performs a service which has the potential to be in direct competition with the product or service of the minority business. Adm 84.02(21)(21) “General partner” means a partner who participates fully in the profits, losses and management of the partnership and who is personally liable for its debts. Adm 84.02(22)(22) “Interest” means a right, claim, financial or legal share in the business. Adm 84.02(23)(23) “Issued shares” means the shares of a corporation which have been authorized and actually sold to subscribers. They may include treasury shares. Adm 84.02(24)(24) “Joint venture” means a one-time association of 2 or more persons or businesses, the purpose of which is to carry out a time-limited single business enterprise for profit in which they combine their property, capital, efforts, skills and knowledge, and in which they exercise control and management and share in profits and losses in proportion to their contribution to the business enterprise. Adm 84.02(25)(25) “Joint venture agreement” means a written agreement signed by each joint venturer specifying the terms and conditions of the joint venture. Adm 84.02(26)(26) “Marital property agreement” means an agreement that complies with s. 766.58, Stats. Adm 84.02(28)(28) “Marital property waiver” means a form provided by the department to document separate control and management of a business under marital property laws. Adm 84.02(29)(29) “Minority” means a person who is a citizen or lawfully admitted permanent resident of the United States and who is a member of one of the following groups: Adm 84.02(29)(a)(a) “American Indian” - a person who is enrolled as a member of a federally recognized American Indian tribe or band or who possesses documentation of at least one-fourth American Indian ancestry or documentation of tribal recognition as an American Indian. Adm 84.02(29)(b)(b) “Asian-Indian” - a person with ancestry originating in India, Pakistan or Bangladesh. Adm 84.02(29)(c)(c) “Asian-Pacific origin” - a person with ancestry originating in Japan, China, Taiwan, Korea, Vietnam, Laos, Cambodia, the Philippines, Samoa, Guam, the U.S. Trust Territories of the Pacific or the Northern Marianas. Adm 84.02(29)(d)(d) “Black” - a person with ancestry originating in any of the black racial groups of Africa. Adm 84.02(29)(e)(e) “Eskimo” or “Aleut” - a person with ancestry in any of the original peoples of Alaska, Northern Canada, Greenland and Eastern Siberia. Adm 84.02(29)(f)(f) “Hispanic” - a person with ancestry originating in Mexico, Puerto Rico, Cuba, Central America or South America or whose culture or origin is Spanish. Adm 84.02(29)(g)(g) “Native Hawaiian” - a person with ancestry in the original peoples of Hawaii.