As used in this part, unless the context otherwise requires:
(1) “Governing body” means the official or officials authorized by law to exercise ordinance or other law-making power of a municipality;
(2) “Local transfer and storage business” means the business of transferring and/or storing for a profit the household goods and effects of another within the confines of the territorial limits of the municipality adopting this part;
(3) “Municipality” means any incorporated city or incorporated town of this state, with a population in excess of four hundred thousand (400,000), according to the federal census of 1960 or any subsequent federal census;
(4) “Person” means any individual, firm, partnership, corporation, company, association, joint stock association, trustee, receiver or assignee; and
(5) “Transfer and storage regulatory board” means any regulatory board created pursuant to § 6-54-702.