CFR > Title 49 > Subtitle B > Chapter III > Subchapter B > Part 381 > Subpart A – General
Current as of: 2024 | Check for updates
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§ 381.100 | What is the purpose of this part? |
§ 381.105 | Who is required to comply with the rules in this part? |
§ 381.110 | What definitions are applicable to this part? |
Terms Used In CFR > Title 49 > Subtitle B > Chapter III > Subchapter B > Part 381 > Subpart A - General
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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.
- corporation: includes associations, joint-stock companies, and insurance companies. See 26 CFR 36.3121(l)(1)-1
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- stock: includes shares in an association, joint-stock company, or insurance company. See 26 CFR 36.3121(l)(8)-1