CFR > Title 27 > Chapter I > Subchapter A > Part 4 > Subpart B – Definitions
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| § 4.10 | Meaning of terms |
Terms Used In CFR > Title 27 > Chapter I > Subchapter A > Part 4 > Subpart B - Definitions
- 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.
- Oath: A promise to tell the truth.
- 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.
- State: includes the District of Columbia and Puerto Rico. See 27 CFR 4.10
- Testimony: Evidence presented orally by witnesses during trials or before grand juries.
- Trustee: A person or institution holding and administering property in trust.