[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1400.103]

[Page 330]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1400_PAYMENT LIMITATION AND PAYMENT ELIGIBILITY--Table of Contents
 
                     Subpart B_Person Determinations
 
Sec. 1400.103  Trusts.

    (a) A trust shall be considered to be a person separate from the 
individual income beneficiaries of the trust except that a trust that 
has a sole income beneficiary shall not be considered to be a separate 
person from such income beneficiary.
    (b) Where two or more irrevocable trusts have common income 
beneficiaries (including a spouse and minor children) with more than a 
50 percent interest, all such trusts shall be considered to be one 
person.
    (c) A revocable trust and the grantor of such revocable trust shall 
be considered to be one person.