Definition
As defined in the uniform securities act of 1956, a person refers to an individual, a corporation, a partnership, an association, a joint-stock company, a trust where the interests of the beneficiaries are evidenced by a security, an unincorporated organization, a government, or a political subdivision of the government
- For test purposes it’s easier to remember the three (3) “non-persons” — minors, deceased individuals, or an individual declared mentally incompetent by the courts.