CFR > Title 22 > Chapter I > Subchapter J > Part 96 > Subpart F > Licensing and Corporate Governance
Current as of: 2024 | Check for updates
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Other versions
| § 96.30 | State licensing |
| § 96.31 | Corporate structure |
| § 96.32 | Internal structure and oversight |
Terms Used In CFR > Title 22 > Chapter I > Subchapter J > Part 96 > Subpart F > Licensing and Corporate Governance
- 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.
- Oversight: Committee review of the activities of a Federal agency or program.
- 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.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.