As used in this article, the term:

(1) "Board member" means any member of the board of a regional development center established under Article 2 of this chapter.

(2) "Business" means any corporation, partnership, proprietorship, firm, enterprise, franchise, association, organization, self-employed individual, trust, or other legal entity.

(3) "Center" means a regional development center established under Article 2 of this chapter.

(4) "Commissioner" means the commissioner of community affairs.

(5) "Employee" means any person who, pursuant to a written or oral contract, is employed by a center or by a nonprofit corporation.

(6) "Family" means spouse and dependents.

(7) "Nonprofit corporation" means any nonprofit corporation created or controlled by a regional development center as expressly authorized by law, or as administratively authorized pursuant to paragraph (18) of Code Section 50-8-31 and subsection (f) of Code Section 50-8-35.

(8) "Person" means any person, corporation, partnership, proprietorship, firm, enterprise, franchise, association, organization, or other legal entity.

(9) "Substantial interest" means the direct or indirect ownership of more than 25 percent of the assets or stock of any business.

(10) "Transact business" or "transact any business" means to sell or lease any personal property, real property, or services on behalf of oneself or on behalf of any third party as an agent, broker, dealer, or representative; to purchase surplus real or personal property on behalf of oneself or on behalf of any third party as an agent, broker, dealer, or representative; or to obtain loans or loan packaging services on behalf of oneself or any third party as an agent, dealer, broker, or representative.