CFR > Title 21 > Chapter I > Subchapter L > Part 1240 > Subpart D – Specific Administrative Decisions Regarding Interstate Shipments
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Terms Used In CFR > Title 21 > Chapter I > Subchapter L > Part 1240 > Subpart D - Specific Administrative Decisions Regarding Interstate Shipments
- 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.
- 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.