CFR > Title 13 > Chapter I > Part 129 > Subpart B – Surplus Personal Property for Small Businesses Located in Disaster Areas
Current as of: 2024 | Check for updates
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Other versions
| § 129.200 | What definitions are important in this subpart? |
| § 129.201 | How does a small business concern located in a disaster area obtain Federal surplus personal property? |
Terms Used In CFR > Title 13 > Chapter I > Part 129 > Subpart B - Surplus Personal Property for Small Businesses Located in Disaster Areas
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Donee: The recipient of a gift.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Statute: A law passed by a legislature.
- Trustee: A person or institution holding and administering property in trust.