31 USC 9301 – Definitions
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In this chapter—
(1) “person” means an individual, a trust, an estate, a partnership, and a corporation.
(2) “eligible obligation” means any security designated as acceptable in lieu of a surety bond by the Secretary of the Treasury.
Terms Used In 31 USC 9301
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See 1 USC 8
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.