CFR > Title 42 > Chapter IV > Subchapter B > Part 423 > Subpart L – Effect of Change of Ownership or Leasing of Facilities During Term of Contract
Current as of: 2024 | Check for updates
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Other versions
| § 423.551 | General provisions |
| § 423.552 | Novation agreement requirements |
| § 423.553 | Effect of leasing of a PDP sponsor’s facilities |
Terms Used In CFR > Title 42 > Chapter IV > Subchapter B > Part 423 > Subpart L - Effect of Change of Ownership or Leasing of Facilities During Term of Contract
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.