governmental unit

governmental unit. A subdivision, agency, department, county, parish, municipality, or other unit of the gov-ernment of a country or a state. • The term includes an organization with a separate corporate existence only if the organization can legally issue debt obligations on which interest is exempt from income taxation under national law. UCC § 9-102(a)(45). [Cases: Municipal Corporations

6. C.J.S. Municipal Corporations § 12.]

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词条贡献者

译者大智，毕业于一所旨在培养高级翻译专业人才的翻译院校，擅长翻译各种与环境保护相关的法律文件。