CFR > Title 25 > Chapter I > Subchapter D > Part 23 > Subpart I > Severability
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| § 23.144 | What happens if some portion of this part is held to be invalid by a court of competent jurisdiction? |
Terms Used In CFR > Title 25 > Chapter I > Subchapter D > Part 23 > Subpart I > Severability
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.