CFR > Title 47 > Chapter I > Subchapter A > Part 19 > Subpart A – General Provisions
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Terms Used In CFR > Title 47 > Chapter I > Subchapter A > Part 19 > Subpart A - General Provisions
- 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.
- 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.
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.