RegistrationQuestion 2 of 100
Which of the following would NOT meet the Uniform Securities Act's definition of a 'person'?
a.An individual who died last month
b.A limited partnership formed to invest in real estate
c.A city that issues revenue bonds
d.An unincorporated investment club
Explanation
'Person' is defined broadly to include individuals, corporations, partnerships, associations, joint-stock companies, trusts, unincorporated organizations, and governments or political subdivisions. The classic exclusions are a deceased individual, a minor, and an individual who has been judged mentally incompetent. Partnerships, municipalities, and unincorporated associations all fall squarely inside the definition.
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