CFR > Title 45 > Subtitle B > Chapter XXV > Part 2540 > Subpart C – Other Requirements for Recipients of Corporation Assistance
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Terms Used In CFR > Title 45 > Subtitle B > Chapter XXV > Part 2540 > Subpart C - Other Requirements for Recipients of Corporation Assistance
- 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.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- 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.