Definitions

  1. Law
  2. USC 31
  3. Money And Finance
  4. MISCELLANEOUS
  5. SURETIES AND SURETY BONDS
  6. Definitions

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§9301. Definitions

In this chapter-

(1) "person" means an individual, a trust, an estate, a partnership, and a corporation.

(2) "eligible obligation" means any security designated as acceptable in lieu of a surety bond by the Secretary of the Treasury.

( Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1046 ; Pub. L. 109–351, title IX, §901(a), Oct. 13, 2006, 120 Stat. 2007 .)

Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large)
9301 6:15(10th, last sentences).

In clause (1), the words after the semicolon are omitted as unnecessary because of the restatement.

Clause (2) is substituted for 6:15(last sentence) for consistency and to eliminate unnecessary words.

Amendments

2006-Par. (2). Pub. L. 109–351 amended par. (2) generally. Prior to amendment, par. (2) read as follows: " 'Government obligation' means a public debt obligation of the United States Government and an obligation whose principal and interest is unconditionally guaranteed by the Government."


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