The terms used in this part have
the meanings given to them in sections 3(a) and 7(f) of the act, and
in Regulations G, T, and U. Section 7(f) of the act contains the following
definitions:
(a) “United States person” includes
a person which is organized or exists under the laws of any state
or, in the case of a natural person, a citizen or resident of the
United States; a domestic estate; or a trust in which one or more
of the foregoing persons has a cumulative direct or indirect beneficial
interest in excess of 50 per centum of the value of the trust.
5-973
(b) “United States security” means a security (other
than an exempted security) issued by a person incorporated under the
laws of any state, or whose principal place of business is within
a state.
(c) “Foreign person controlled by a United
States person” includes any noncorporate entity in which United States
persons directly or indirectly have more than a 50 per centum beneficial
interest, and any corporation in which one or more United States persons,
directly or indirectly, own stock possessing more than 50 per centum
of the total combined voting power of all classes of stock entitled
to vote, or more than 50 per centum of the total value of shares of
all classes of stock.
