CFR > Title 46 > Chapter I > Subchapter G > Part 68 > Subpart B – Documentation of Certain Vessels for Oil Spill Cleanup
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Terms Used In CFR > Title 46 > Chapter I > Subchapter G > Part 68 > Subpart B - Documentation of Certain Vessels for Oil Spill Cleanup
- 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.
- Quorum: The number of legislators that must be present to do business.