### Question
How does SECURITIES AND TRUST INDENTURES define issuer?


### Answer
Under *15 U.S.C. § 77b*, **issuer** is defined as:

> the person by whom the equipment or property is or is to be used

#### Citation:
  - *15 U.S.C. § 77b*
  - Heading: **CHAPTER 2A-SECURITIES AND TRUST INDENTURES > SUBCHAPTER I-DOMESTIC SECURITIES**

